Welcome lift in global dairy prices, we’re not out of the woods yet
Whole milk powder prices gained 4.6% at the latest global auction but are 25% below the same time last year. The price of whole milk powder, which has the most impact on farmgate milk prices, gained for a second global auction, a welcome relief for many dairy farmers who will be struggling to break even…
Fonterra’s profit more than doubles on demand for dairy ingredients
New Zealand’s Fonterra Co-Operative Group (FCG.NZ) on Thursday reported a more than doubled annual profit on strong margins from its cheese and protein portfolio, and declared a higher final dividend, sending its shares higher. The world’s biggest dairy exporter also benefited from higher product pricing and strong demand for its dairy ingredients and foodservice channel. The company…
How Sustainable is Animal-Free Dairy? We Compare Lab LCAs
Precision fermentation, described as the third pillar of alt-protein alongside plant-based and cultivated foods, is on the rise. There are at least 62 companies working in this space globally across the supply chain, with a big focus on animal-free dairy proteins. How does this sector stack up with conventional milk in terms of its climate credentials? The…
Kantar Research observes ‘Dano’ as top dairy brand in Bangladesh
Kantar World panel recently published its Bangladesh Brand Footprint 2023 report where survey results dictated “Dano” as the most chosen dairy brand in Bangladesh. This further cements Dano’s reputation as the most loved dairy brand in the country. Dano is produced by Arla Foods Bangladesh, the local subsidiary of European dairy cooperative Arla Foods. Commenting…
International milk prices rose while volumes dropped at GDT
The GDT Price Index was up 4.6%, with an average selling price of $2,957 per metric ton. The index rose 2.7% at the previous auction held on Sept. 5, with an average selling price of $2,888, according to GDT Events. A total of 37,366 tons of dairy products were sold at the latest auction, down…
FrieslandCampina to reshape top structure to improve performance
FrieslandCampina has announced its intention to reshape its top structure, aiming to boost business performance and profitability. The change follows the appointment of Jan Derck van Karnebeek as CEO in June. The business will be divided in seven business groups and will be led by an Executive Team. Starting in October, the new executive team…
Dairy industry navigates global market challenges
Dairy Australia’s September 2023 Situation and Outlook Report shows the industry is navigating a challenging global market, amidst strong farm gate milk prices and growth in retail value. The report said lower export prices were a result of weakened global demand for dairy products, particularly from China. Meanwhile, cost of living pressures continue to impact…
Butter Climbs to a Record High, Possibly Due to an Overcorrection
The following is from Lee Mielke, author of a dairy market column known as “Mielke Market Weekly.” Butter set a new record high to start October and cheese was mixed. The CME Cheddar blocks fell to $1.68 per pound last Wednesday, lowest since July 19, but closed last Friday at $1.7025, 1.75 cents lower on…
USDA Announces Milk Loss Assistance for Dairy Operations
The U.S Department of Agriculture (USDA) has announced Milk Loss Program (MLP) assistance for eligible dairy operations for milk that was dumped or removed, without compensation, from the commercial milk market due to qualifying weather events and the consequences of those weather events that inhibited delivery or storage of milk (e.g., power outages, impassable roads,…
Colorado’s long battle over raw milk is reenergized – food freedom”
The state in recent years has eased regulations on meat processing, selling chicken eggs and homemade baked goods, but still has the most restrictive raw milk rule in the region Doug Wiley says raw milk is far more nutritious than pasteurized milk, especially for the increasing number of children who are lactose intolerant. “Pasteurization destroys…