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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%.