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The latest trade tariffs imposed by the US, targeting key global dairy-producing regions, are set to reshape international dairy markets, impacting the European Union, China, Australia, New Zealand, and India.

The year 2024 reinforced the trends of recent years in the global market. Events over the past year highlighted the resilience of key players in the dairy industry, a strengthening trend toward specialization, industry consolidation, pressures from environmental groups and major investors, and a continuing dependency on the global geopolitical climate.

Donald Trump secured a historic return to the White House, winning key battleground states and reclaiming the presidency in a “red wave” victory over Democratic challenger Kamala Harris.

Rising Butter Costs Compound Challenges for Bakers Already Grappling with Surging Chocolate and Sugar Prices

China's dairy farms are grappling with an oversupply of milk as falling birth rates and a sluggish economy dampen demand. This surplus, driven by over-expansion in recent years, has pushed smaller farms out of business and is affecting the country's position as the world's top dairy importer.

General Mills has announced the sale of its North American yogurt business to French dairy companies Lactalis and Sodiaal in deals valued at $2.1 billion. The company’s yogurt division, which includes well-known brands Yoplait and Liberté, contributed approximately $1.5 billion to General Mills’ fiscal 2024 net sales, which totaled $19.9 billion.

Rabobank’s annual Global Dairy Top 20 report by RaboResearch has revealed that the world’s leading dairy companies experienced a modest 0.3% increase in combined turnover in US dollar terms for 2023, following a strong 8.1% rise in the previous year. The slowdown is largely attributed to lower milk prices in 2023 compared to the elevated levels seen in 2022.

China has initiated an anti-subsidy investigation targeting dairy imports from the European Union, a move that has sparked significant market reactions. This investigation, reported by Reuters, was launched a day after the European Union revised its tariff plan on China-made electric vehicles (EVs), lowering the proposed punitive duties to 36.3% from an initial 37.6%.

China's Ministry of Commerce has officially launched an anti-subsidy investigation into certain dairy products imported from the European Union (EU), signaling an escalation in the ongoing trade tensions between the two economic powerhouses. This latest move targets European milk and cheese producers, potentially subjecting them to new tariffs.

The U.S. Dairy Export Council (USDEC) reported that U.S. dairy exports remained relatively stable in June, despite varied performances across different product categories. Notable gains in cheese, whey, butterfat, and whole milk powder helped mitigate the declines observed in nonfat dry milk/skim milk powder (NFDM/SMP), lactose, and milk protein concentrates. On a milk solids equivalent (MSE) basis, the year-over-year (YOY) volume decreased slightly by 0.3%.

Dairy cooperative Fonterra has opted to retain its stake in its Australian business, a decision that may impact the anticipated NZD 1 billion in returns planned for shareholders. Also Fonterra has appointed transactional advisers for the complex process of divesting some or all of its consumer businesses and brands.

The global butter market in 2023 was estimated at 59.85 billion US dollars, and it is forecasted to grow to 72.97 billion US dollars by 2030, with an average annual growth of 2.9% during this period.

The DairyNews presents a comprehensive review of events in dairy companies and enterprises for the first half of 2024. The editorial board gathered the events of dairy companies from all over the world. If you want to share your event, write to us!

During a recent online event, Danone presented the results of its innovation efforts and plans for the coming years. Dairynews.today organized the most interesting statements from the company and shares with readers the main trends that one of the market leaders in FoodBev is embracing.

The editorial team at Dairynews.today has compiled a review of the most notable new products and launches on the dairy shelves from January to June 2024. Here are some of the standout offerings.

Today, on June 1, we join the global community in celebrating World Milk Day, an annual observance initiated by the Food and Agriculture Organization of the United Nations in 2001. This special day honors the essential role of milk as a universal food staple, highlighting its vital contributions to the world's nutrition, economy, and agriculture.

On May 16, Fonterra, the largest dairy cooperative, announced its intention to sell its consumer brands division, which includes the production of well-known brands such as Anchor, Fresh'n Fruity, and Mainland.

In today's world, relevant and in-demand innovations for industrial production are fundamental to the stable existence of businesses. This is true for both food product manufacturing companies and solution and technology supplier companies.

In the rapidly evolving sector of food technology, the term "New Food" typically refers to food products or ingredients that lack a traditional history of human consumption, or those derived from innovative processes, often termed as "novel foods." Tetra Pak has prepared a report on New Food—products and ingredients developed using microorganisms. The editorial team at Dairynews.today has reviewed it and shares the most interesting highlights with its readers.

The Dairynews.today sums up the first quarter of the year in the global milk market together with the leaders of the dairy industry. We have compiled all the most interesting data and comments provided by milk producers and processors from different countries into one material. Details can be found in our long read.