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Glanbia Reports Robust Full-Year 2023 Results, Achieves 20.5% Growth in Adjusted EPS
... continued to evolve our portfolio with the acquisition of a bioactive ingredients business and the sale of our share of Glanbia Cheese joint ventures. We increased the dividend by 10% and returned €100 million to shareholders via our share buyback programme.... ... playing into strong underlying consumer health and wellness trends with a team of talented people. Looking ahead, we will focus on driving growth and shareholder value by stepping up awareness and distribution of our great brands, with a robust innovation ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Frigo Cheese Heads Awards $150,000 in Vision Grants to Inspiring Youth
Frigo Cheese Heads proudly reveals the recipients of its "Build a Bright Future" vision grants, totaling $150,000 to empower ... ... partner organization. Nicole Austin, Saputo USA marketing manager, expressed pride in supporting youth making a positive impact on their communities. The program aims to bring the innovative ideas of these young individuals to life, fostering a brighter ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Cass and Jianhua Group Forge Strategic Partnership, Officially Enter Hong Kong Cheese Market
... including popular supermarkets like Parknshop, Wellcome, China Resources Vanguard U Select, Mr. Bao Dian, FRESH, Fresh Life, and starting February and March, in Circle K and 7-11 convenience stores, totaling over 1,000 points of sale. Cass, the number one cheese brand in Southern China by sales volume, has been focusing on the development of low-temperature dairy products for 24 years. Cass cheese is fermented from the best international strains and high-quality raw milk, adhering to EU standards and receiving global recognition with the SGS Global Golden Standard Certificate ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Japan and UK Secure Geographical Indication Protections, Boosting Trade Confidence
In a significant development, 37 geographical indications (GIs) have received formal protection on February 29, marking a crucial milestone in the trade relations between Japan and the UK. This follows a thorough scrutiny ... ... Japanese market, as per the UK Department for Business & Trade. This move safeguards iconic British products such as Staffordshire Cheese and Orkney Scottish Island cheddar, preventing the influx of counterfeit goods into the Japanese market. It instills confidence ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Sealpac offers innovative packing for cheese
... Manufacturers are competing for the hand of the consumer with their own specialty products. Regardless of whether it is a small craft company with a regional customer base or a large-scale cheese producer for export markets: to ensure the quality of cheese specialties on their way to the end user, and to offer such products in an attractive and eye-catching manner to stand out from the competition, suitable and innovative packaging is required. The solutions here are just as diverse as the product offerings on the ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Urgent Plea for Salt Reduction in British Cheese Industry Unveiled by Action on Salt Study
... intake can reduce blood pressure across various demographics, contributing to improved population health outcomes. Call to Action and Global Implications In response to these findings, Action on Salt urges the UK government to take regulatory action on salt content in cheese. Despite the government's publication of voluntary salt reduction targets for various food categories, the study reveals limited progress in reducing salt in hard-pressed cheese. The WHO recognizes salt reduction as a global imperative, urging ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Educational Initiatives Boost Dairy Consumption, Study Finds
... and consumption post-educational intervention. Purchasing of dairy products rose by 26%, with individual increases of 23% for cheese, 20% for ice cream, 26% for yogurt, and an impressive 53% surge for milk. Overall, participant dairy consumption soared ... ... to educational materials or delivery methods. This study underscores the effectiveness of well-crafted educational messages on the nutritional attributes of dairy foods, offering a pathway to positively influence consumer behavior and drive increased ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Kazakhstan: The international cheese competition Cheese Open 2024 will be held in Aktau in May
The open international cheese competition Cheese Open 2024 will be held in Aktau on May 9-10, 2024. This is reported by The DairyNews with reference to the social network of the goat farm "Zheti lak" (Жеті лақ) from Mangystau. The cheese competition will be held with the support of the International Guild of Cheese ...
Modified: 29.02.2024Path: Dairy News: dairy market news every day
Woolworths Faces Backlash Over Removal of Norco Milk From Sydney Metro Stores
..., New South Wales, has been a staple for many Australians, offering a range of dairy products including milk, flavored milk, cheese, and butter. While Woolworths refutes claims of completely axing Norco products, it acknowledges that the brand will be ... ... boycott of Woolworths and expressing discontent over the reported delisting of Norco. Some customers have voiced their displeasure on social media, with calls for a shift to alternative supermarkets. Woolworths responded to the backlash, emphasizing its commitment ...
Modified: 28.02.2024Path: Dairy News: dairy market news every day
Where Does Synlait’s Future Lie?
... obligations. There are only two options for Synlait. Either it has to sell assets or it has to raise more share capital. The most obvious asset to sell is its consumer products division, Dairyworks. This was acquired in 2020 for $116m. Dairyworks now focuses on cheese, having discontinued its yoghurt and spreadable butter products under Synlait management. However, unless Dairyworks can be sold at a huge premium, which is doubtful, it won’t be enough to turn the books around. The Dairyworks assets have been ...
Modified: 28.02.2024Path: Dairy News: dairy market news every day
Europe Full of Character: European Cheeses Unveil Their New Campaign in Canada
..., a series of engaging events and experiences will immerse Canadian media, influencers, and cheese enthusiasts in the world of European cheese. From exclusive press events and interactive tastings to influencer campaigns and the presence of European cheese on major consumer events, the campaign promises an unforgettable journey. Partnerships with a selection of cheese stores in Québec and Ontario, highlighting the sheer variety and unique quality of European offer in store, along with a collaboration with ...
Modified: 28.02.2024Path: Dairy News: dairy market news every day
Former Airline Pilot Turns Cheese Maverick in Cyprus Halloumi Battle
... traditional approach to Halloumi production. Pantelis Panteli, who took up cheese-making after being laid off from Cyprus Airways in 2013, has emerged as an unexpected advocate for the old ways in the midst of a heated legal dispute over the iconic cheese's ingredients. While the Halloumi debate rages on, with conflicting opinions on whether it should be crafted from the milder cow's milk or the tangier blend of goat and ewe milk, Panteli remains steadfast in his commitment to the traditional method. Exclusively using ewe's milk, he has become a torchbearer ...
Modified: 28.02.2024Path: Dairy News: dairy market news every day
Dairy Aisle Shake-Up: Tesco, Aldi, Lidl, Sainsbury’s, and Morrisons Face Potential Impact from New Plant-Based Food Rules
... negative impact on an industry already grappling with the cost of living crisis, stating, “This could then have an impact on consumer prices too.” Despite objections from the plant-based food industry, the latest guidance, dated January 2024, has ... ... for alternative terms like "soya dessert fermented with live cultures" and "vegan soft-white balls with a light cheese flavor" are offered. Critics, including Bryan Carroll of Oatly UK and Ireland, argue that assuming consumers cannot ...
Modified: 27.02.2024Path: Dairy News: dairy market news every day
Larger Farms Have Housed a Larger Number of Animals Than Ever Before
... customers in Asia, Central America, the Caribbean, Middle East-North Africa and Oceania through June. That raised CWT’s 2024 exports to 19.1 million pounds of American type cheeses, 7.1 million pounds of whole milk powder and 1.3 million pounds of cream cheese. The products are going to 15 countries and are the equivalent of 238.4 million pounds of milk on a milkfat basis. Lee Mielke is a graduate of Brown Institute in Minneapolis, Minnesota. He’s formerly the voice of the radio show “DairyLine” and his column appears in agricultural papers across the U.S. Contact him at lkmielke@juno.com . Source
Modified: 27.02.2024Path: Dairy News: dairy market news every day
New Zealand Dairy Industry Urges Immediate Cap on Agricultural Subsidies Ahead of WTO Meeting
... aims to provide evidence-based insights into the effects of subsidies on global dairy markets, contributing to international policy discussions. Crewther pointed out that a 50 percent reduction in EU farm subsidies could increase the traded value of cheese for non-EU exporters by 8 percent, citing substantial impacts on dairy markets. She emphasized that these findings are not exclusive to EU dairy subsidies, characterizing the dynamic as universal. Referring to the OECD Agricultural Policy Monitoring and Evaluation Report, which recognizes the altering effects of ...
Modified: 27.02.2024Path: Dairy News: dairy market news every day
Results of 2023 from the largest dairy companies and forecasts for 2024
... Sales of cheese products grew by +8% compared to the same period last year. Despite economic difficulties, Savencia's sales of cheese products increased by 8% compared to the same period last year. This growth was attributed to a strategic adjustment of ... ... driven by high sales volume figures in certain countries, especially in the recovering foodservice sector. The pricing impact on part of the portfolio helped neutralize the negative influence of declining prices for industrial products worldwide in 2023....
Modified: 26.02.2024Path: Dairy News: dairy market news every day
U.S. Sees Seventh Consecutive Monthly Drop in Milk Production
... Plourd, president of Ever.Ag Insights, characterized the report as showing mediocre performance at best. He emphasized the challenging on-farm financial conditions that continue to impact overall milk output. Plourd suggested that the recent decline in cheese prices and its effect on Class III milk, combined with ongoing structural issues in specific regions, contribute to the tough conditions faced by dairy farmers. The report's indication of a substantial drop in milk production raises questions about the struggle of cheese prices ...
Modified: 26.02.2024Path: Dairy News: dairy market news every day
Mondelez CEO Asserts Investor Indifference to Russia Trade Amid Accusations of 'Moral Bankruptcy'
... player in the food and beverage industry, boasting popular brands like Toblerone, Maynards Bassetts, and Philadelphia cream cheese. Although Russia accounted for 2.8% of Mondelez's global sales last year, down from 4% in 2022, the company remains steadfast ... ... Mondelez spokesperson emphasized the importance of providing food during challenging times and expressed concerns about the impact on families, colleagues, and farmers dependent on the company. Unilever CEO Hein Schumacher has encountered similar calls to exit ...
Modified: 26.02.2024Path: Dairy News: dairy market news every day
First Milk Cooperative Acquires BV Dairy in Bid to Preserve Heritage and Legacy
... PKF Francis Clark through a meticulous bidding process, marks a significant transition for BV Dairy, known for producing soft cheese, yoghurt, clotted cream, and gut health dairy products. Jim Highnam, the current Managing Director of BV Dairy and a representative ... ... Clark's corporate finance team, led by Chris Potts, played a crucial role in identifying First Milk as the right buyer to carry on the BV Dairy legacy. Chris Potts, Corporate Finance Director, highlighted the importance of finding a buyer aligned with the ...
Modified: 26.02.2024Path: Dairy News: dairy market news every day
USDEC’s 5 signposts to guide dairy exports in 2024
... an eight-year high, increasing the purchasing power of Mexican buyers and further bolstering consumer confidence. At the same time, dairy products in the U.S. were moderately priced, creating an ideal buying opportunity. Mexican importers capitalized on these conditions, importing 16% more nonfat dry milk/skim milk powder (NFDM/SMP) and 20% more cheese than in 2022, the previous record year. While Mexico will almost certainly continue to be the top destination for U.S. exports in 2024, it may be difficult to keep up the breakneck pace seen last year. Indeed, recent performance of NFDM/SMP exports ...
Modified: 25.02.2024Path: Dairy News: dairy market news every day
Canadian Dairy Sector Boosted by Government Investments to Address Modernization and Labor Shortage
... receiving significant support from new government investments aimed at modernization and tackling labor shortages. Announced on February 5th by Agriculture and Agri-Food Canada, up to US$89 million (CAN€61 million) is earmarked for 49 projects under ... ... in retaining workers due to long hours and associated overtime costs. Among the recipients of the funding, Lactalis Canada's cheese plant in Ingleside, Ontario, is set to receive up to $3.3 million (€2.3 million) for new automated cheese processing ...
Modified: 23.02.2024Path: Dairy News: dairy market news every day
Wensleydale Creamery, Part of Saputo's UK Portfolio, Invests in State-of-the-Art Smokehouse for Cheese Production
... highlighted the potential for substantial business growth in this category. It is noteworthy that Saputo's UK arm extends beyond cheese production to include popular butter brands like Clover, Country Life, Vitalite, Willow, Utterly Butterly, and the Frylight ... ... including a loss in its third quarter and an impairment charge related to its Australian dairy division, the company remains focused on refining its manufacturing network and enhancing efficiency globally.
Modified: 22.02.2024Path: Dairy News: dairy market news every day
USDA: the milk production estimate for 2024 has been revised downward compared to the previous month
... to the previous month. The decrease stems from a lower expected yield per cow, which more than offsets the anticipated increase in milk cow numbers. Projections for wholesale prices in 2024 have been raised for key dairy products, including Cheddar cheese, dry whey, butter, and nonfat dry milk, now standing at $1.690, $0.480, $2.770, and $1.235 per pound, respectively. These adjustments are based on recent market strength, constrained supplies, and a more robust outlook for domestic demand. In 2023, the U.S. dairy industry witnessed a reversal of the 2022 trend, experiencing year-over-year decreases in feed, dairy product, and farm-gate milk prices....
Modified: 21.02.2024Path: Dairy News: dairy market news every day
Arla Anticipates Potential Dip in Sales Amidst Consumer Spending Cutbacks
... signs of increasing demand, the combination of lower overall prices and currency challenges is expected to impact sales. Arla notes a recovery in dairy prices in the latter half of 2023, especially for premium products like Lurpak butter and Castello cheese. CEO Peder Tuborgh sees a return to a more balanced landscape between branded and discounted items, but acknowledges the lingering effects of lower prices and currency fluctuations on the sales outlook. The company expects sales in the range of €13.2-13.7 billion ($14.3-$14.8 billion) for the year, compared to the flat sales figure of €13.7 billion in the previous year. Despite lower volumes, sales of Lurpak butter and Castello ...
Modified: 21.02.2024Path: Dairy News: dairy market news every day
Brown Gibbons Lang & Company (BGL) Announces Strategic Sale of Crest Foods to Harwood Private Equity
... business lines: Ingredients: Crafting proprietary stabilizer formulations for dairy products, spanning cottage cheese, cream cheese, yogurt, and dairy protein- and plant-based beverages. Contract Packaging: Delivering packaging solutions to branded and ... ... Company Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm, globally focused on the middle market. Offering expertise in mergers and acquisitions, capital markets, financial restructurings, business valuations ...
Modified: 21.02.2024Path: Dairy News: dairy market news every day
Global Dairy Trade Prices Soar to 18-Month Peak, Setting Positive Trend
... percent increase, adding a favorable dimension to the market dynamics. The diverse nature of the dairy market was evident as cheese prices saw a notable drop of nearly 8 percent. Despite this fluctuation, the upward trajectory in the overall average price ... ... industry navigates through these fluctuations, market participants will closely monitor trends to gauge the potential impact on farming economies and consumer pricing.
Modified: 21.02.2024Path: Dairy News: dairy market news every day
Advancing the Dairy Industry: Key Strategies Unveiled in Ongoing FMMO Hearings
... Mike Brown, Chief Economist of the International Dairy Foods Association (IDFA), pointed out that significant changes in the dairy industry since 2008 necessitate amendments to the current FMMO pricing formulas. Brown emphasized the industry's reliance on innovative products like cheese, yogurt, health beverages, powders, frozen treats, and value-added fluid milk, asserting that outdated pricing policies hinder the sector's growth. With the USDA reviewing over 12,000 pages of testimony, Peter Vitaliano, NMPF's Vice President for ...
Modified: 19.02.2024Path: Dairy News: dairy market news every day
Italy: Why Small Farmers Aren't Joining the Protest "Tractor"
We may be accustomed to thinking of agriculture as a unified entity, but the ongoing protests on Italian streets reveal the complexity of the agricultural world, repubblica.it writes. The farmers taking to the streets with ... ... numerous enterprises scattered throughout the territory, I conducted a brief survey among members of the Association of Farmhouse Cheese Producers. The survey revealed that, despite belonging to the agricultural world, 94% of these companies do not feel represented ...
Modified: 19.02.2024Path: Dairy News: dairy market news every day
Increased Milk Processing in Germany
... remained steady in mid-February. The escalating demand for block butter from the industry empowered manufacturers to dictate higher selling prices. The South German Butter and Cheese Exchange in Kempten increased the quotation by an average of 15 cents on Wednesday (Feb 14), ranging from €5.35/kg to €5.45/kg. The sliced cheese market was reported as balanced. Meanwhile, in the bread category, the quotation for Edam and Gouda in Hannover experienced a slight reduction of 5 cents, settling at €4.10/kg to €4.30/kg. Revival in Skimmed Milk Powder Business According to ...
Modified: 19.02.2024Path: Dairy News: dairy market news every day
Kerry Group CEO Signals Openness to Offers for Irish Dairy Business
... an 8.6% decrease fr om the previous year. Kerry's global flavors and nutrition business, a vital part of the company, focuses on supplying higher-margin products to international food producers. While the Irish dairy business remains a relative drag on margins, Scanlon emphasized its quality, stating it is "as good as any (dairy business) that exists out there." Despite selective investments to enhance margins in the dairy unit, including a new cheese string plant set to open in May, the dairy business appears increasingly isolated from the group's strategy. A potential deal in 2021, wh ere Kerry Co-op would acquire it for around €800m, fell through, and subsequent negotiations have faced ...
Modified: 16.02.2024Path: Dairy News: dairy market news every day
US Cheese Production Surpassing 14.1 Billion Pounds
... cheese production in the country over the past 32 years, as confirmed by the Cheese Reporter. The positive trend in cheese production was sustained for seven consecutive months throughout 2023. However, amid this domestic success, the US faced challenges on the international front. According to the USDA’s Foreign Agricultural Service, the country experienced a 3% decline in cheese exports and a broader 16% decrease in overall dairy product exports during the same period. Interestingly, despite the dip in exports, the US witnessed a 2% increase in cheese imports, reaching a total value surpassing $4 billion. Key contributors ...
Modified: 15.02.2024Path: Dairy News: dairy market news every day
USDA: the all-milk price forecast for 2024 is more optimistic, standing at $20.95 per cwt
... 2024, bringing it to 228.2 billion lbs. This figure is slightly higher than the 226.6 billion lbs. estimated in February 2023. On a positive note, butter price forecasts for 2024 experienced an uptick, rising by 10.5 cents to $2.77 per lb. This increase ... ... during the fourth quarter of 2023, extending into 2024. Growth in fat basis exports is anticipated, particularly in butter and cheese, positioning the U.S. as a competitive player in the international market. Skim-solids basis domestic use witnessed an ...
Modified: 15.02.2024Path: Dairy News: dairy market news every day
Italian cheeses have seen a 5.8% increase in quantity and a 13.7% increase in value in the first ten months of 2023
... The recent figures from the Global Dairy Trade quotation, a bi-weekly auction of dairy products in Oceania considered a global trend indicator, reveal positive outcomes for major items. While production levels have remained relatively steady, major cheese, powder, and butter exporting countries have only seen a marginal increase of 0.2% in milk production compared to the previous year. Global demand is on the rise by 0.6%, with sustained global exchanges showing a positive trend (+4.1% in milk equivalent imports and +3.1% in exports, source: Clal.it). These promising trends bode well for enhanced profit margins for dairy farmers in 2024. There's potential ...
Modified: 15.02.2024Path: Dairy News: dairy market news every day
Asiago DOP Triumphs Over Trademark Violations in South American Markets
... This double victory today reinforces the recognition of the identity of DOP Asiago across South America, showcasing its unique history and production tied to its place of origin. Flavio Innocenzi, director of the Consortium for the Protection of Asiago Cheese, remarks, "In these years, we have solidified our protection initiatives and stand ready to capitalize on opportunities arising from the ongoing negotiations between the EU and Mercosur. Any strategy aiming to evoke the name or imitate characteristics for products unrelated to the DOP is not only unjust but also unsustainable in a world increasingly seeking ...
Modified: 15.02.2024Path: Dairy News: dairy market news every day
UK Dairy Market Overview - January 2024
... experienced modest drop-offs. The market tone has shifted to a "wait and see" approach ahead of the Spring flush. On the farmgate front, the latest published farmgate price for December averaged 37.8ppl. February saw positive announcements,... ... Retail-aligned contracts, including Tesco and Sainsbury’s, witnessed increases, while non-aligned liquid contracts remained stable. Cheese and manufacturing contracts showed a mix of holds and increases, with Arla Direct leading with a 2.52ppl uplift. Despite ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Milk Prices Show Modest Gains
... changing hands. March Class III futures showed an increase to $17.43 per hundredweight, gaining 17 cents. The March "all cheese" contract also advanced to $1.7160 per pound, an increase of $0.0160. Spot dry whey remained unchanged at $0.5200 ... ... pound, losing $0.0080. In commodity markets, March corn futures rose slightly to $4.3075 per bushel, an increase of $0.0025. On the other hand, the March soybean contract declined to $11.8625 per bushel, shedding $0.0675. Crude oil gained ground, reaching ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Saputo Reports Loss Due to Australia Dairy Impairment
... dairy division. Despite ongoing market difficulties, Chairman, President, and CEO Lino Saputo Jr. highlighted positive strides in volume recovery. Saputo's Australia dairy division encountered challenges with falling milk supply and a disparity in cheese and ingredient prices, leading to a non-cash impairment charge. Lino Saputo Jr. explained the impact on the cash-generating unit's future discounted cash flow due to the disconnect between international market prices and the farmgate milk price in the context of a declining milk pool in Australia. While acknowledging near-term market uncertainties, Saputo ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Global Cheese Market Set to Surge with USD 39.08 Billion Growth from 2023 to 2027
... characterized by fragmentation, and this trend is expected to intensify during the forecast period. Competitors must focus on differentiating their products with unique value propositions to fortify their market presence. Vendors are urged to capitalize on growth opportunities in fast-growing segments while maintaining positions in slower-growing segments. Major Participants in the Cheese Market: Agropur Dairy Cooperative Arla Foods amba Britannia Industries Ltd. Brue Valley Dairy Farmers of America Inc. DANA Dairy Group Ltd. Flanders Dairy Products Fonterra Cooperative Group Ltd. Glanbia plc Global Foods International Inc. Grande ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
UK-Canada Agricultural Trade Talks Reach Standstill, Raising Concerns for Food Standards
... potential competition with lower-priced imports, potentially stabilizing domestic beef prices. However, it adds complexity to trade relations, particularly concerning Canadian dairy products. In the short term, the impasse may lead to potential tariffs on UK exports to Canada, affecting items such as cheese and motor vehicles. This highlights the intricacies of unilateral trade negotiations as the UK charts its course in the post-EU trading landscape. The challenges are compounded by the UK's relatively smaller market size, making it crucial to navigate ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
New Culture to introduce first animal-free casein protein
... plant-based alternatives. The company is actively scaling its manufacturing capacity in preparation for the anticipated launch of its cheese later this year, starting at Pizzeria Mozza in Los Angeles, helmed by acclaimed chef Nancy Silverton. Inja Radman, co-founder ... ... Culture. Achieving GRAS status proves that animal inputs aren't needed to produce casein protein and marks an essential step on our path toward commercialization." This breakthrough signifies a leap forward in the pursuit of sustainable and ethical ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Plant-Based Alternatives Impact European Dairy Demand
... Factors driving this growth include increased disposable income among middle-class consumers, a growing appetite for Western-style quick-service-restaurant chains, and innovative uses of products like cream cheese and mozzarella. While domestic Chinese cheese production is on the rise, it is unlikely to keep pace with local demand, creating opportunities for dairy-exporting powerhouses such as New Zealand, the U.S., the Netherlands, and Ireland. This potential market expansion becomes especially significant if India, the ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Migros-Molkerei Elsa acquires Dutch company Sofine Foods
... Foods. The Dutch company produces vegan products such as schnitzel, burgers, nuggets, and ready meals, as announced by Migros on Thursday. The purchase price has been kept confidential. Sofine Foods, located in the province of Limburg, employs around 150 ... ... growing consumer demand for plant-based products. Elsa is part of the Elsa-Mifroma Group, specializing in dairy products and cheese.
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Lab-Grown Animal-Free Dairy Protein a Game-Changer For Dairy Industry
... consumers won’t be able to discern any difference in taste and texture compared to traditional milk, ice cream, yogurt, and cream cheese, all while benefiting from lactose-free, cholesterol-free, and hormone-free options that offer significant nutritional ... ... disrupt the dairy industry in multiple ways as consumers increasingly seek sustainable alternatives that don’t compromise on taste or texture, with animal welfare considerations also playing a significant role. Consumers may not directly purchase Remilk ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
Russia Aims to Boost Agricultural Exports to China, Focusing on Powdered Milk
... exports is projected to be primarily driven by powdered milk, along with pork and lamb exports. The lifting of a 15-year ban on Russian pork imports by China in 2023 is anticipated to significantly contribute to the growth, potentially doubling pork exports ... ... competitive Russian export commodities, presenting brighter prospects for dairy factories compared to conventional products like cheese and butter. Global powdered milk prices experienced a dip in 2022 but reversed the trend in the following year, with Russia ...
Modified: 14.02.2024Path: Dairy News: dairy market news every day
No Colorful Gorgonzola in the Pipeline, - Antonio Auricchio
... pink or reddish-brown. Antonio Auricchio, the president of the Gorgonzola Consortium, felt compelled to provide clarification on this matter. "I believe there is a considerable misconception that, as a protection consortium, motivates us to set the ... ... Gorgonzola PDO with blue cheeses. While our Gorgonzola undeniably belongs to the broader global family of cheeses known as 'blue cheese' in English, these terms should not be used interchangeably. English studies, suggesting the production of cheeses with ...
Modified: 13.02.2024Path: Dairy News: dairy market news every day
Lactalis Canada Announces New Sales Leadership Appointments
... appointment of four new leaders to its Customer Sales Team. These new appointments follow an enhanced commercial structure focused on improving internal efficiencies and building stronger customer partnerships. “One of Lactalis Canada’s corporate goals ... ... will be responsible for overseeing enterprise-wide business development for Sobeys with the exception of Fluid Milk and Deli Cheese. Mark brings over 25 years of CPG sales experience to Lactalis Canada, most recently serving as Sales Director at Kimberly ...
Modified: 13.02.2024Path: Dairy News: dairy market news every day
Managing mental health as a new dairy entrant
... life’ There must be something in my blood as my great grandfather was a dairy farmer and met my great grannie at the Cheshire Cheese Show in Nantwich, and with me being the last farmer’s son in a family that has farmed for more than 300 years I didn’t ... ... accept anyone with open arms and give you guidance and assistance wherever you need it. After spending some time ‘learning on the job’ the time had come to transfer these skills onto my own farm – and what a rollercoaster it has been, the best decision ...
Modified: 13.02.2024Path: Dairy News: dairy market news every day
USDEC reported a 7% decline in milk solids equivalent terms (MSE) for 2023
... landscape for U.S. dairy exports. The U.S. dairy export value concluded the year at $8.11 billion, marking the second-highest value on record. However, this represents a 16% decrease from the record-setting year of 2022, attributed to both reduced volume and ... ... other dairy product categories faced declines in export volume. Nonfat dry milk/skim milk powder (NFDM/SMP) decreased by 3%, cheese dipped by 4%, low-protein whey dropped by 20%, and butterfat slid by 44%. Additionally, milk protein concentrate, fluid ...
Modified: 12.02.2024Path: Dairy News: dairy market news every day
Saputo: Revenues amounted to $4.267 billion, down $320 million
... projects, company writes. Factors Influencing Adjusted EBITDA: Solid performance in the Canada Sector. Operational improvements in the USA Sector, despite negative market factors. Increased sales volumes in domestic and export markets. Lower international cheese and dairy ingredient market prices in the International Sector. Impact on the Europe Sector due to selling inventory produced at higher milk prices. The Board of Directors approved a dividend of $0.185 per share, payable on March 15, 2024. Additionally, Saputo announces the suspension of its Dividend Reinvestment Plan ("DRIP") ...
Modified: 09.02.2024Path: Dairy News: dairy market news every day
Savencia: 2023 consolidated sales, at € 6,791 million, were up +3.7%
... Sales Soar by +8% Like-for-Like: Despite economic challenges, Savencia experienced an 8% increase in like-for-like sales for cheese products. This growth was driven by strategic price adjustments across markets to address inflation and resilient volumes,... ... attributed to strong volume performance in select countries, especially within the recovering foodservice sector. Price effects on part of the portfolio helped counteract the negative impact of declining industrial product prices globally in 2023. Despite ...
Modified: 09.02.2024Path: Dairy News: dairy market news every day
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