China’s Dairy Industry – Market Trends and Opportunities
The dairy industry in China has boomed following the rise in incomes and living standards seen in recent decades. Previously a luxury product available only to the few, milk and dairy are increasingly becoming staples of the kitchen table, driven by changing attitudes and tastes. At the same time, the market has significant room for growth,…
GDT dairy price index moves up by 1.8% Cheddar leads the growth rally
After going backwards in March, the Global Dairy Trade market has recovered its momentum, with the 2024 New Zealand dairy season likely to end on a high note. In the latest auction, whole milk powder rose 2.4% and cheddar 6%, contributing to the GDT index rise of 1.8%. Anhydrous milk fat prices are now the…
Milk production makes white revolution in Bangladesh
Bangladesh has achieved remarkable success in milk production in recent years as the production amount has increased by manifolds. At present, 83.45 per cent of the total demand for milk is met from local sources, according to the Department of Livestock Services (DLS) data. Stakeholders said milk production has risen in recent times due to…
the idea of veganism is considered too “militant” for many
There it sits, in all its flaky glory, with a crust the colour of autumn leaves, and two plump claws almost begging to be torn off and devoured. Light as air and as French as the guillotine. One impeccable croissant. But this particular pastry – among dozens crowding a display shelf in an unremarkable looking boulangerie in…
New Cow’s Milk Substitute May Impact New Zealand Dairy
Scientists have found a new way to make a substitute for cow’s milk that could have a radical effect on the dairy industry. It’s called precision fermentation – creating cow protein in the lab – and could replace dairy ingredients, which make up a significant proportion of New Zealand’s export market. “Precision fermentation of dairy…
A Winemaking Byproduct Can Reduce Dairy Cattle Emissions
California’s wine industry could play a role in reducing methane emissions from dairy cattle. Researchers at University of California, Davis, added fresh grape pomace left over from winemaking operations to alfalfa-based feed for dairy cows and found that methane emissions were reduced by 10% to 11%. The preliminary findings could offer a low-cost sustainable pathway…
Cats died after drinking raw milk from bird flu-infected cows
More than half of cats around the first Texas dairy farm to test positive for bird flu this spring died after drinking raw milk from the infected cows, scientists reported this week, offering a window into a toll the virus has taken during its unprecedented spread through the cattle industry. The report, published Tuesday in the…
Dairy prices weakened ,milk production expanded but dairy trade contracted globally in 2023
International Dairy Prices In 2023, the FAO Dairy Price Index averaged 123.7, down 17.3% from 2022. Weakness persisted from January to September due to reduced imports by major buyers like China for whole milk powder (WMP) amid high stocks and weakened demand from the HRI sector post-COVID. Increased milk production in China and weakened consumer…
IFF TRENDS REPORT: ADDED VALUE KEY TO SUCCESS IN INFLATION-HIT DAIRY SPACE
Amidst a challenging economic climate, IFF (NYSE: IFF), a global leader in food and beverage, home and personal care and health, unveils a report that uncovers the evolving consumer trends in the dairy and alternative dairy categories. The report, derived from a comprehensive quarterly global survey of 21,000 consumers and monthly market data*, highlights…
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…