China looks to improve dairy governance with specific standards
China is seeking to tighten governance over the domestic dairy industry with specific standards to manage different types of milk available on supermarket shelves. China’s dairy industry has been growing by leaps and bounds since receiving as an important part of regular diet, with major brands such as Yili and Mengniu leading the way….
What’s in India New Zealand FTA with or without dairy- Guy Trafford
Leading into the 2023 elections one of the promising announcements that came from National was the intent to open negotiations with India and achieve a Free Trade Agreement (FTA) – and dairy was to be included. It was described by National as a “major strategic priority”. At the time many (myself-included) poured cold water on…
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for…
FSAI assesses official controls in the dairy sector in Ireland
An assessment of controls at companies in the dairy sector in Ireland has found the system works well overall but there are several areas that need improvement. The audit covered official controls by a Department of Agriculture, Food and the Marine (DAFM) division in the dairy production chain. Eleven businesses were audited between August and…
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for…
Is that extra charge for non-dairy milk discrimination?
Customers who are lactose-intolerant or have milk allergies may pay $2 extra at Dunkin’ Donuts when substituting oat or almond milk for dairy in their beverages. That’s discrimination, according to a class-action lawsuit filed last month. “Being able to drink milk is a choice for some people, but it’s not for others. Lactose intolerance is a disability…
Almarai reported an increase of more than 4 % in Q4 net profit
Net profit attributable to shareholders after zakat and tax for the three months ending December 31, rose to 370.72 million Saudi riyals ($98.85 million), the company said in a bourse filing on Sunday to the Saudi stock exchange Tadawul, where its shares are traded. Net profit increased mainly on a 5 per cent rise in operating…
Plant-based beverages tumbled further in 2023 than real milk
Dairy leaders are celebrating the 2023 industry data that they say tracking firm Circana Inc. has just released. The numbers, as reviewed by the National Milk Producers Federation, show that plant-based beverage consumption last year fell 6.6 percent to 337.7 million gallons, marking the second straight year of declines and the lowest consumption in that…
Imagindairy scales animal-free dairy manufacturing capabilities
HAIFA, ISRAEL — Israel-based animal-free dairy protein food tech startup Imagindairy has acquired and is operating its own industrial-scale precision fermentation production lines that are focused on the production of dairy ingredients. With the facility, the company will now be able to produce more than 100,000 liters of fermentation capacity. It is currently producing industrial-scale…
Fonterra pioneers dairy protein innovation for holistic health
The market for dairy proteins is diversifying and moving into the popular health and wellness categories, such as gut health and functional foods. Moreover, consumers and companies increasingly seek out offerings that address specific health needs and that are obtained through sustainable practices. At the same time, advancements in dairy protein technology, which previously focused…