WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event
The GDT Price Index took a step down at the latest Global Dairy Trade Event. After four consecutive sessions of growth since September the index has softened by 0.7%. The average price reported at the latest event (7 November 2023) was $3,255. This had been recovering for the previous four consecutive periods, reversing the previous…
Cargill releases 2023 ESG Report
Cargill’s Fiscal Year 2023 ESG Report details the company’s progress towards its sustainability commitments and showcases the work being done to drive even greater positive global impact across operations, supply chains and communities, the company stated. Cargill’s sustainability strategy is intentionally designed to deliver on the company’s purpose of nourishing the world in a safe, responsible…
Meat and Dairy emission Increase by Over 3% Ahead of COP28
New investor data from Coller FAIRR Protein Producer Index reveals emissions of its 20 largest meat and dairy companies have risen in 2023. 3.28% rise in year-on-year emissions disclosed by 20 of the largest listed meat and dairy producers – including suppliers to household names such as McDonald’s and Walmart. Investors praise improving levels of disclosure however, with…
USDEC : Conventional dairy to dominate in developing countries
Alt-dairy innovation is reaching new heights in North America, Western Europe and Australasia, where more than half of all “dairy” launches were non-dairy alternatives in 2022, according to Innova Market Insights. In these regions, a milk renaissance is underway, with plant-based sources usurping dairy milk at the breakfast table and precision fermentation promising a new era…
No one is Too Dumb To Understand That Vegan ‘Milk’ Isn’t Dairy
Last week, Sen. John Fetterman (D–Pa.) wrote in a viral tweet that “Pennsylvania’s dairy farmers are at the heart of our community and critical to our economy,” adding that he’s working to pass the DAIRY PRIDE Act, which would “protect our dairy farmers by prohibiting non-dairy products from using dairy names.” However, many quickly pointed…
New milk fridge tech could see dairy farmers cut costs and carbon
Replacing a gas-leaking milk chiller will cut a farm’s carbon footprint and bills, says a new partnership encouraging the upgrades. Fonterra hopes hundreds of its farmers will make the switch, lessening the planetary impact of its milk. To curb bacterial growth, raw milk must be rapidly chilled below 6C within hours of collection. However, many…
Eleftheria Brunost-cheese from India claimed 4th in Global top 10
Not everyone likes cheese, but those who like it, love it. And whether you’re partial to a crumbly cheddar or a creamy camembert, we’ve all got our favourites. But who gets to decide which of the world’s marvellous cheeses reigns supreme? The World Cheese Awards does, of course. The judging panel has gradually built their reputation over the last…
WORLD DAIRY NEWS Research finds sustainable dairy farms also performed better economically
Can Dutch dairy farms that work more sustainably also perform well or even better economically than less sustainable dairy farms? Yes, that is possible, according to a study by Wageningen Economic Research, commissioned by the Sustainable Dairy Chain, a theme group of ZuivelNL. The costs directly related to milk and feed production are 2.56 euros per 100…
Butter prices start to fall after wholesale milk prices ease
The price of own-label butter is starting to fall, according to The Grocer’s analysis of Assosia data. Eight own-label lines have seen price drops over the past four weeks across Asda, Morrisons, Sainsbury’s, Tesco and Waitrose. Standout fallers included a Sainsbury’s Salted British Butter line (500g), which saw a price drop of 20p (or 6%) to £3.35. Sainsbury’s, Morrisons and…
Time May be Running Out for a Milk Price Rally
There was a period two weeks ago during which milk prices looked promising heading through the month of October. However, the rally stopped abruptly with underlying cash prices turning lower. Cheese prices fell back, and butter peaked. Dry whey price moved higher, but the focus of traders was on cheese prices. Nonfat dry milk also…