Fonterra ends joint venture in India citing Covid-19 disruptions
Dairy co-operative Fonterra has announced it’s winding down a joint venture in India, saying Covid-19 has caused significant disruption to the market. The 50-50 joint venture got underway in 2018 and involved the country’s largest consumer retail company – Future Consumer Limited. It saw Fonterra launch the Dreamery Brand , which included a range of…
Global Dairy Trade acquired by Fonterra, NXZ and EEX
The Global Dairy Trade, an auction platform that facilitates the trading of dairy derivatives, has been acquired through an equal partnership between New Zealand-based dairy co-op Fonterra, New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX). Each party will take equal ownership of the platform and the partnership is expected to be completed by the middle of the year should…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…
WORLD DAIRY NEWS Dairy exporter Fonterra to invest $2.7 bln to grow and cut emissions
Fonterra Co-Operative Group Ltd , the world’s biggest dairy exporter, said on Monday it would invest about NZ$4 billion ($2.72 billion) by 2030 to move milk into higher value products, pursue growth, and reduce emissions. The New Zealand-based firm expects to return NZ$1 billion to investors over the next decade on the back of asset…
Dairy exporter Fonterra to invest $2.7 bln to grow and cut emissions
Fonterra Co-Operative Group Ltd , the world’s biggest dairy exporter, said on Monday it would invest about NZ$4 billion ($2.72 billion) by 2030 to move milk into higher value products, pursue growth, and reduce emissions. The New Zealand-based firm expects to return NZ$1 billion to investors over the next decade on the back of asset…
WORLD DAIRY NEWS Global dairy prices moved up by 4% with SMP touching USD 3274/MT
Dairy prices jumped 4 per cent at the global auction overnight, the biggest increase in six months, with gains across all products. The global dairy trade price index posted its biggest increase since early March, when it jumped 15%. The average price for whole milk powder, which has the most impact on what farmers are…
Global dairy prices moved up by 4% with SMP touching USD 3274/MT
Dairy prices jumped 4 per cent at the global auction overnight, the biggest increase in six months, with gains across all products. The global dairy trade price index posted its biggest increase since early March, when it jumped 15%. The average price for whole milk powder, which has the most impact on what farmers are…
GHG emission from Top dairies equals 6.9 M passengers cars on road for an year
Institute for agriculture and Trade policies released their document Milking the planet 2020. This study reveals the contribution of various sectors on global greenhouse gas (GHG) emissions. Top 13 dairies in the world contributed to GHG more than fuel and fossil gas based industry in 2017. The combined emissions of the top dairies rose by…