End of Covid zero policy in China may lift the dairy prices in future
Dairy prices have started 2023 on a soft note, However, analysts are banking on China ending its Covid-zero policy to lift prices in the coming months. Westpac’s senior agri economist Nathan Penny says the bank is sticking to its forecast milk price of $8.75/kgMS for this season. “Prices in late 2022 had been weaker than…
A farmers’ dilemma has the govt worried in Uganda
Mr Stanley Ntungire is the last of a dying breed. Born and raised in a cattle-keeping orthodoxy that is the age-old tradition of the Hima people of Ankole, he saw his forbearers rear the animals as a principal economic activity. They were a treasured source of prestige in society in a way few things compare….
‘Dairy-Based’ Alternative Meats Could Become a Reality
While plant-based alternative meats have earned a spot on grocery store shelves, they haven’t won over consumers’ hearts just yet. According to Purdue economist Jayson Lusk, high price points and inflation have caused markets to plummet, with sales down 20% from November 2021 to November 2022. “Some of what drove the growth initially was the…
Complexity of Measuring and reducing emissions in dairy industry Bydairynew
Despite differences in farming systems, the carbon footprint of dairy products is similar among the major exporting regions, and most greenhouse gas (GHG) emissions originate on the farm in the form of methane, according to a new report from Rabobank, outlining some of the reduction strategies available, including those left untapped. ON-FARM EMISSIONS At the…
Saudi dairy Almarai’s net profit increases to $453m in 22
Saudi dairy giant, Almarai, recorded a 12.5 percent increase in net profit to SR1.7 billion ($453 million) in 2022, compared to SR1.5 billion recorded the previous year, driven by bakery and dairy segments. The Tadawul-listed firm saw its revenue rise by 18 percent to hit SR18.7 billion in 2022 from SR15.8 billion in 2021. The company’s revenue increase was mainly driven by its bakery segment, which was…
Changing the narrative about the power of dairy protein
Muscle-building” cookies, “refueling” smoothies and “satiating” breakfast foods often rely on protein to make such marketing claims — but not just any protein. Many food formulations are fueled by dairy proteins, namely whey, in one of its many formats. The choice of protein is an important marketing tool of the product’s “power.” Unfortunately, marketers are…
Danone Vows to Cut Methane Emissions From Milk by 30%
Danone aims to cut methane emissions from its fresh milk supply chain by almost one-third over the next seven years, becoming the first major food company to set targets in line with a pledge by 150 countries to reduce emissions of the greenhouse gas from cows’ burps. The Activia maker said steps including better management of…
Dairy prices edge up, volumes ease at auction – GDT events
International milk prices edged up but volumes fell in this month’s second Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 0.1%, with an average selling price of $3,393 per tonne. The index lost 2.8% at the previous auction held on Jan. 3, the average selling prices being $3,365 per tonne,…
Despite price increases, dairy products continued to over perform in 2022
Dairy staples like milk, yogurt, and cheese continued to dominate the dairy segment in 2022, though numbers aren’t at pre-pandemic levels yet. Still, innovations in many dairy products are helping the category see increases as 2023 approaches. In its latest report, the International Dairy Deli Bakery Association (IDDBA) showed dairy sales were up 20% at…
Sports nutrition ingredients market to double
In good and times and bad, it is difficult to match the excitement of sports. Going hand-in-hand are sports nutrition products, which are difficult to top in the dairy industry regarding future growth. According to Global Market Insights, the sports nutrition ingredients market will hit a “grand slam” from 2023 to 2032. The market size…