Global dairy auction plummets 8.5% as buyers baulk at high prices
Dairy prices plummeted at the fastest rate in seven years at the latest global auction, as buyers appear to have baulked at record high prices. The Global Dairy Trade price index dropped 8.5% to 1379 at the bimonthly auction overnight. That’s the biggest fall since August 4, 2015, when the index shed 9.3%. The drop […]
Expected dairy sales growth rate at 9.1% from FY18 to FY24 : Crisil
This is the first channel dedicated to dairy-related news from India and abroad. It will cover top seven dairy news from last seven days. The news will be aired on every Sunday. The channel will have expert interviews, market and technical analysis and a lot more sections very soon. You may share in comments about […]
Anchor Dairy, Fonterra Brand Launches Organic carbonzero Certified Butter
Back and butter than ever! Anchor Dairy , the consumer brand of the globally-known New Zealand Dairy Co-operative Fonterra , is celebrating Earth Day early with the launch of its Organic carbonzero Certified Butter. . New Zealand has one of the lowest on-farm carbon footprints in the world, making Anchor uniquely qualified to offer a butter option to […]
The fundie betting on the end of cow milk by backing up Remilk Israel
When Jackie Taranto, Gilad Grinbaum and Yaniv Izaki set up Paradigm Shift Asset Management it was predictable that their first investment would involve a global industry being turned on its head. The fundie backed an Israeli start-up, Remilk, because of its potential to cause a paradigm shift in the $US916 billion global dairy industry by […]
Who moved Fonterra’s Cheese for the second time in India since 2002?
Britannia industries Ltd proudly announced their joint venture with Global leader Fonterra from New Zealand on March 25th 2002. The main objectives of the JV were sourcing, manufacturing and distribution of milk and milk products in India. The new company had full access to Fonterra’s Research and development strengths . This access was mainly to […]
Fonterra ends joint venture in India citing Covid-19 disruptions
Dairy co-operative Fonterra has announced it’s winding down a joint venture in India, saying Covid-19 has caused significant disruption to the market. The 50-50 joint venture got underway in 2018 and involved the country’s largest consumer retail company – Future Consumer Limited. It saw Fonterra launch the Dreamery Brand , which included a range of […]
Global Dairy Trade acquired by Fonterra, NXZ and EEX
The Global Dairy Trade, an auction platform that facilitates the trading of dairy derivatives, has been acquired through an equal partnership between New Zealand-based dairy co-op Fonterra, New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX). Each party will take equal ownership of the platform and the partnership is expected to be completed by the middle of the year should […]
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on […]
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on […]
WORLD DAIRY NEWS Dairy exporter Fonterra to invest $2.7 bln to grow and cut emissions
Fonterra Co-Operative Group Ltd , the world’s biggest dairy exporter, said on Monday it would invest about NZ$4 billion ($2.72 billion) by 2030 to move milk into higher value products, pursue growth, and reduce emissions. The New Zealand-based firm expects to return NZ$1 billion to investors over the next decade on the back of asset […]