Global dairy price index moved up by 1.4% at GDT
Prices are up in the latest Global Dairy Trade auction, held overnight, with a 1.4% increase across the board. It is the second auction of the calendar year and follows a 1.4% fall from the previous event two weeks ago. Good news for farmers as whole milk powder — which has the biggest impact on Fonterra’s farmgate milk…
Milk Food to expand into ice cream, cheese
Milk Food Ltd., a renowned for its cutting-edge facilities and high-capacity dairy products. Its core products, Milk Powders and Pure Ghee, have been synonymous with trust and excellence for decades has announced the sale of its 21-acre Moradabad plant land to a reputed developer for an estimated value of INR 140 to 150 crore. The…
Here’s why thieves may be stealing butter in Canada
The case of the missing butter remains a mystery, but some have ideas on what’s behind the unusual crimes. As shoplifting rises in grocery stores amid Canada’s cost-of-living crisis, police and a few industry experts say thieves have taken particular interest in the product. Recent large-scale thefts of butter — worth thousands of dollars in…
Global Dairy price index showing stagnancy
The Global Dairy Trade (GDT) Event 366, held on October 15, 2024, saw mixed outcomes across dairy products. While the index hardly plummeted by 0.3% with Global dairy price index at UsD 3852/MT.. Whole Milk Powder (WMP) prices remained relatively stable with only slight fluctuations, reflecting consistent demand. However, other categories, such as Lactose and …
Arla launches Lurpak Butter in Plant-Based category
New innovation from Arla Foods is a key part of its long-term growth strategy The number one dairy brand is now available in plant based as Arla Foods launches Lurpak® Plant Based into the UK and Danish retail markets. Investing in new products is a key part of Arla’s growth strategy, and the launch of…
Innovative cheese, butter and yogurt products fuel dairy market growth – CoBank
US consumers are drinking less milk with each passing year, but overall dairy sales are on a multiyear winning streak, according to a recent market report from CoBank. Cheese, butter and yogurt are fueling category growth, along with new dairy-based products designed to capitalize on convenience, health and snacking trends. Data from market research firm Circana…
CO2-Derived Butter Tastes Authentic -Startup Challenging Traditional Dairy
Churning traditional butter from cow’s milk has a significant impact on the environment. Savor, a company backed by Bill Gates, aims to change this. They have developed a method to make butter using captured carbon dioxide (CO2) and hydrogen. This process is entirely plant-based and avoids the environmental issues linked to both dairy and some…
GDT price index records first decline since March 2024
The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases….
Indian dairy exports in FY 24 showed better value realisation in global markets
Drawing from data provided by APEDA and Indian Customs, we present an in-depth look at the trends and dynamics shaping the dairy export landscape. Note that Casein and Lactose are excluded from this analysis and will be covered separately. For India to fully leverage its substantial milk production, processors must prioritize export markets, facilitating better…
Global demand for Dairy remains sluggish
Commodity markets have softened through March 2024 against a backdrop of slightly weaker global fundamentals. The dairy complex had staged a recent rally since the bottom of the market in Q3 2023. Nonetheless, all dairy products except butter were softer in March 2024 and remain at or below five-year averages. Rabobank expects dairy commodity prices…