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UK Dairy Exports Valued at £2 Billion Last Year
... and 60 UK businesses participating in a week-long event aimed at boosting exports. Buyers from Asia, the Americas, the Middle East, Europe, and North Africa gathered in the UK for the Dairy Showcase, which highlighted British dairy products such as cheese, butter, yogurt, cream, milk powders, and infant formula. With UK dairy exports valued at £2 billion last year, the industry aims to build on this success. The event provided overseas buyers with insight into the high standards of British farms and dairy production. Delegates also toured farms and processors in major dairy regions like Somerset, Gloucestershire, Shropshire, and Lancashire....
Modified: 01.10.2024Path: Dairy News: dairy market news every day
Iran Increases Raw Milk Prices by 20%, Adding Pressure to Dairy Industry Amid Economic Struggles
... tomans ($0.30) per kilogram, was approved by the Market Regulation Headquarters following a directive from First Vice President Mohammad Reza Aref. This increase comes amid persistent inflation and rising living costs, exacerbating the financial strain on Iranian households, particularly those with low incomes. Ali Ehsan Zafari, Chairman of the Dairy Products Union, warned that while milk prices will see a modest rise, products like cheese are expected to experience a significant 25% price increase. This follows a concerning trend of declining dairy consumption in Iran, with per capita consumption dropping to less than 70 kilograms annually, down from 100-130 kilograms before 2010....
Modified: 30.09.2024Path: Dairy News: dairy market news every day
Lactalis to Cut Milk Processing in France by 9%
... dairy sector. The reduction, which will take effect progressively through 2030, is designed to limit Lactalis' processing of surplus milk sold abroad as bulk commodities like milk powder. The company says this shift will allow for a stronger focus on consumer products, such as cheese and yogurt, leading to better farmgate prices for farmers. "The valuation of surplus milk is often very low and subject to the volatility of world markets," said Serge Moly, Lactalis' supply director. However, the French National Dairy ...
Modified: 27.09.2024Path: Dairy News: dairy market news every day
Russia Bans Import of Dairy Products from Azerbaijan
... of the largest Azerbaijani enterprises, Atena LLC and Azaqro-Sp LLC, from September 30, 2024. The decision was made based on a video visit by Russian specialists to the plants, where serious violations in the conditions of storage of products and operation ... ... equipment were revealed. This called into question the safety of goods such as butter, ayran, sour cream and cheeses, including feta cheese. The companies declare the high quality of their products and are ready for inspections, but certification for import to ...
Modified: 27.09.2024Path: Dairy News: dairy market news every day
DairyX Unveils Breakthrough in Cow-Free Dairy Cheese Production Using Precision Fermentation
... need for cows. These casein proteins self-assemble into micelles, the key building blocks of traditional dairy products like cheese and yogurt, providing the same taste and texture consumers expect. DairyX has further advanced its technology by refining ... ... casein in shorter timeframes, ensuring that its products are both affordable and scalable for dairy manufacturers. With a focus on sustainability, DairyX aims to reduce the environmental impact of dairy production, which is responsible for over 3% of global ...
Modified: 26.09.2024Path: Dairy News: dairy market news every day
Dairy Industries Jamaica Ltd. Marks 60 Years of Success, Plans Global Expansion
... about the company's future. General Manager Radcliffe Walker and Chairman Dr. Parris Lyew-Ayee Jr. emphasized plans for global expansion, with a goal of generating 50% of revenue from exports. The company is poised to introduce new products, including cheese spreads with smoked and jerk flavors, while focusing on sustainability and innovation. DIJL's commitment to excellence, supported by its partnership with Fonterra, positions it to lead the dairy industry into the future, driving growth and delivering quality products across international markets. Image ...
Modified: 26.09.2024Path: Dairy News: dairy market news every day
Lactalis Leerdammer to Enhance Transparency in Milk Pricing for Dutch Dairy Farmers
... Authority for Consumers and Markets (ACM). This move follows an investigation that found the company in violation of the Dutch Act on unfair commercial practices in the agricultural and food supply chain. The ACM ruling came after a complaint from a supplier ... ... concerns about Lactalis Leerdammer's unilateral changes to milk pricing without prior agreements. The authority concluded that the cheese producer had breached regulations by informing farmers of their milk price each month without detailing how it was calculated....
Modified: 25.09.2024Path: Dairy News: dairy market news every day
EU Challenges China’s Dairy Investigation at WTO Amid Escalating Trade Dispute
... consultations fail to yield a satisfactory resolution, the EU has indicated it will request the establishment of a WTO adjudicating panel. These panels typically take over a year to reach a conclusion. China’s anti-subsidy investigation, launched on August 21, targets EU liquid milk, cream with a fat content above 10%, and several varieties of cheese. The European Commission expressed confidence that the EU's dairy subsidy programs comply with international regulations and are not detrimental to China's dairy industry. This dispute follows the EU's imposition of provisional duties in July on ...
Modified: 24.09.2024Path: Dairy News: dairy market news every day
Fonterra Boosts Operations with NZD 150 Million Investment in New Cool Store, Enhancing Cheese Storage Capacity
... Completion is expected to take three years and will create new local employment opportunities. Established in 1972, the Whareroa site currently employs over 11,000 staff and houses 11 plants producing a range of products, including mozzarella, dry salt cheese, butter, whole and skim milk powder, protein concentrates, and isolates. Fonterra ’s Chief Operating Officer, Anna Palairet , emphasized that the recent investments will have a “significant impact” on the co-op, stating that the new cool store will play a “crucial role in the resilience of the cooperative’s supply chain.” She noted, “When making investment decisions, we carefully consider where to allocate capital to maximize value for farmer ...
Modified: 24.09.2024Path: Dairy News: dairy market news every day
Record 82.5% rise in butter prices in Russia halted
....3%, infant formula - by 8.1%, cheese - by 6.8%, cottage cheese - by 4.8%. “Considering that food inflation in the country has reached 20%, further growth in the price of butter may slow down. However, prices for milk, sour cream, cottage cheese and cheese may still rise by 15%,” noted Alexander Polyak. On September 20, 2024, on the Belarusian Universal Commodity Exchange (BUCE ), the price of butter decreased by 40-60 rubles compared to the previous session. Y
Modified: 24.09.2024Path: Dairy News: dairy market news every day
America’s Dairy Farms Are Disappearing: Navigating Pricing Challenges and Industry Consolidation
... than 60% of milk production in the U.S. takes place on farms with over 2,500 cows. This consolidation has left a lasting impact on rural communities, making it harder for consumers to trace the origins of their food. As a dairy specialist at the University ... ... farmers are paid for their products. Milk is categorized by its end use: Class 1 for bottled milk, Class 2 for yogurt, Class 3 for cheese, and Class 4 for butter or powdered dry milk. Farmers are typically paid the lowest allowable price for their milk, and ...
Modified: 24.09.2024Path: Dairy News: dairy market news every day
Dairy Packaging Market: Innovations, Consumer Shifts, and Sustainability Drive Growth
... more sustainable and convenient packaging solutions, while regulatory demands related to food safety and environmental impact remain stringent. In North America, the dairy packaging market is driven by increased demand for dairy products like milk, cheese, and yogurt. The region's emphasis on health, convenience, and sustainability has led to investments in sustainable packaging materials, positioning North America as a key player in the global dairy packaging market.
Modified: 24.09.2024Path: Dairy News: dairy market news every day
Philadelphia Cream Cheese Expands into Baking with Launch of Refrigerated Frosting
... Philadelphia is entering the baking category with the introduction of Philadelphia Frosting, touted as the ‘first refrigerated cream cheese frosting from a mainstream brand in the US.’ Made with fresh milk and cream, the new product promises a taste reminiscent ... ... that combines the brand’s signature creaminess with a sweet and tangy flavor profile. This versatile frosting can be used on cakes, cookies, cinnamon rolls, and even fresh fruit. Becca Dunphey , president of Taste, Meals and Snacking at The Kraft ...
Modified: 24.09.2024Path: Dairy News: dairy market news every day
Fonterra Seizes Growth Opportunity in Japan’s Dairy Market
... maintain muscle mass, its dairy lipids support mood improvement, and its probiotics boost immunity and digestion—factors that are increasingly in demand among Japan’s aging population. Additionally, Japan remains one of Fonterra's largest markets for cheese, which it supplies through its ingredients channel. As the world’s fourth-largest economy and New Zealand 's fifth-largest export market, Japan presents ample opportunities for Fonterra to continue its focus on innovation, food science, and agriculture. By leveraging its expertise in dairy nutrition and sustainable practices, Fonterra is well-positioned to meet Japan's evolving dietary needs and continue to grow its presence in this key market. Y
Modified: 23.09.2024Path: Dairy News: dairy market news every day
Beston Global Food Company Enters Voluntary Administration Amid Rising Costs and Market Challenges
... by record milk inflows and mozzarella sales. However, escalating costs, particularly energy prices, continue to weigh heavily on the company’s financial performance. In FY23 alone, Beston absorbed an additional $28 million in expenses, primarily due ... ... reduce debt. However, attempts to secure a deal with Japan ’s Megmilk Snow Brands Co . for the acquisition of Beston’s cheese and lactoferrin facility in Jervois fell through, contributing to the decision to enter voluntary administration. The company ...
Modified: 23.09.2024Path: Dairy News: dairy market news every day
China's Dairy Sector Faces Surplus as Demand Declines
... Weakening Consumer Demand China's slowing economy and aging population have diminished demand for premium dairy products such as cheese, cream, and butter. Milk consumption per capita dropped to 12.4 kg in 2022, down from 14.4 kg in 2021, according to data ... ... instance, reported a 50% reduction in its herd in the first half of 2023 and a net loss of 207 million yuan ($29 million). Impact on Imports and Exports Imports of dairy products into China, primarily from New Zealand , the Netherlands , and Germany , declined ...
Modified: 20.09.2024Path: Dairy News: dairy market news every day
Processors Announce August Milk Price Increases Amid Strengthening Dairy Markets
Milk processors across Ireland have confirmed price increases for August supplies, reflecting a strengthening in global dairy commodity markets. These increases come as demand for products like butter and cheese improves, while global milk supply remains flat. Tirlán ’s Price Increase Tirlán has announced it will pay 46.33c/litre for August creamery milk supplies, based on standard constituents of 3.6% butterfat and 3.3% protein. This marks a 1.5c/litre increase from July’s payment. The August price includes a base milk price of 45.83c/litre and a sustainability action payment of 0.5c/litre for qualifying suppliers....
Modified: 20.09.2024Path: Dairy News: dairy market news every day
Fonterra Unveils $150 Million Investment in New Cool Store at Whareroa Site, Taranaki
... significant move that will strengthen the Co-operative’s overall operations. “When we make these decisions, our focus is always on ensuring long-term value for our farmer shareholders and unit holders,” she said. Ms. Palairet also underscored the strategic ... ... supply chain resilience. “Whareroa processes up to 12.5 million litres of milk daily and produces 30% of Fonterra’s total cheese output, alongside other key products such as butter, casein, and powders. This investment reinforces the critical role ...
Modified: 19.09.2024Path: Dairy News: dairy market news every day
Kyrgyzstan Plans to Export Dairy Products to Uzbekistan and China
... Ministry of Agriculture of Kyrgyzstan announced plans to expand the export of dairy products to the markets of two countries. As stated by Daniyar Zhanyzakov, head of the Food Security Department of the Ministry of Agriculture, during a radio broadcast on September 17, Kyrgyzstan has reached an agreement to export powdered milk and cheese to Uzbekistan. During a recent ministerial-level meeting in Uzbekistan, representatives of the country took sample batches of powdered milk for analysis. If the products meet the required standards, Uzbek entrepreneurs are ready to begin purchasing ...
Modified: 19.09.2024Path: Dairy News: dairy market news every day
Carbery Group Announces Milk Price for August Supplies
... co-operatives—Bandon, Barryroe, Drinagh, and Lisavaird—farmers will benefit from the improved offering driven by strengthening cheese markets and continued recovery in the broader dairy sector. A spokesperson for Carbery noted that the group remains committed ... ... 3.3% protein and 3.6% butterfat. This represents an upward trend from Kerry's July price of 44c/L and June's 42.5c/L. Based on Kerry’s average milk solids for August, the price return, including VAT and bonuses, was 51.81c/L. Similarly, Lakeland Dairies ...
Modified: 18.09.2024Path: Dairy News: dairy market news every day
The Decline of U.S. Dairy Farms: A Crisis of Sustainability and Pricing
... valued, incorporate modern advancements in milk production, and adjust the cost support processors receive for products like cheese and butter. Additionally, the Dairy Business Innovation Initiatives provide grants, research, and technical assistance ... ... significant financial and operational commitment from farmers, who must manage production, processing, and marketing, while relying on consumers to pay a premium for locally produced goods. As the U.S. dairy industry continues to evolve, addressing pricing structures ...
Modified: 18.09.2024Path: Dairy News: dairy market news every day
Milk Prices Rise Amid Bird Flu Outbreak in Central California
... safety trial for a bird flu vaccine for dairy cattle. Additionally, the cheese market continues to show strength, with cash block Cheddar closing the week at $2.27 per pound, the highest price since June 2022. Barrels finished slightly higher at $2.2750. Cheese demand remains steady to strong, and some processors are shifting focus back to barrels to capitalize on the bullish market trends. Butter prices also increased, closing the week at $3.1750 per pound, up half a cent and significantly above year-ago levels. Butter production has ramped up in the Midwest, while retail demand is gathering strength ahead ...
Modified: 17.09.2024Path: Dairy News: dairy market news every day
Fonterra Expands Its European Footprint with Strategic Dairy Production
... Europe through its state-of-the-art dairy facility located just outside Amsterdam. This factory, the only one of its kind on the continent for Fonterra, produces a variety of high-value dairy products, underlining the company’s strategy of capitalizing on value-added production in international markets. The Heerenveen facility, established in 2014 as part of a 50:50 joint venture with Dutch cheese producer A-Ware, is a key asset in Fonterra’s European operations. A-Ware, responsible for sourcing and transporting the milk, integrates its processes with Fonterra's production. The excess liquid whey fr om A-Ware's cheese-making is seamlessly ...
Modified: 17.09.2024Path: Dairy News: dairy market news every day
Tight Cheese Supplies Drive Prices Higher as Dairy Market Faces Continued Constraints
In early September, cheddar block prices surged to $2.27 per pound, the highest level in 27 months on the Chicago Mercantile Exchange (CME), reflecting tightening cheese supplies in both the U.S. and Europe, the world’s largest cheese-producing regions. Corey Geiger, lead dairy economist at CoBank, highlighted the impact of global factors such as the European Union’s bluetongue outbreak and ongoing issues ...
Modified: 17.09.2024Path: Dairy News: dairy market news every day
Dairy Ingredients Market Set to Reach $63.24 Billion by 2030
... dairy components. The frozen food industry also plays a major role in the dairy ingredients market. Dairy-based products such as cheese, creams, and yogurt are integral to frozen meals, pizzas, and desserts, improving their taste and nutritional content. ... ... infant nutrition market is another critical segment fueling demand for dairy ingredients. Infant formula, which relies heavily on milk powders and lactose, provides essential nutrients for infant growth. Increasing awareness of the importance of infant ...
Modified: 13.09.2024Path: Dairy News: dairy market news every day
Australian Dairy Exports Continue Strong Growth, Driven by Cheese and Dairy Fats
... stronger demand fr om Japan, one of Australia’s key trading partners. This growth underscores the continuing appeal of Australian cheese in international markets and reflects a broader trend of increasing dairy consumption in the Asia-Pacific region. Mixed ... ....9% YOY. This dramatic rise reflects growing global demand for dairy fats, especially in markets wh ere butter consumption is on the rise due to evolving dietary preferences. The continuous growth in Australian dairy exports, led by these key product categories,...
Modified: 13.09.2024Path: Dairy News: dairy market news every day
Organic Dairy Food & Drinks Market Set to Reach USD 64.58 Billion by 2033 with a Robust CAGR of 10.8%
... healthier alternatives to conventional dairy products. Organic milk, which forms the basis for a variety of products such as yogurt, cheese, butter, and ice cream, is known for its superior nutritional profile. Organic dairy products are reported to contain up ... ... Additionally, they are rich in essential nutrients like iron, vitamin E, selenium, and carotenoids. The growing consumer focus on health and wellness, especially in sectors such as fitness and nutrition, has further fueled the demand for organic dairy. ...
Modified: 12.09.2024Path: Dairy News: dairy market news every day
Belarus Seeks to Unlock Italy’s Dairy Manufacturing Expertise
... expressed strong interest in tapping into the expertise and innovations of Italian dairy manufacturers, particularly in the areas of cheese production and advanced dairy processing techniques. As Belarus continues to grow its dairy industry—marked by rising ... ... Gusakov, Chairman of the Presidium of the National Academy of Sciences of Belarus, during the Belarusian-Italian round table on dairy production technologies held from 10-13 September at the National Academy of Sciences of Belarus. The round table marks ...
Modified: 12.09.2024Path: Dairy News: dairy market news every day
UK Milk Prices Continue to Rise Amid Tight Supply and Strong Demand
... to 43.33ppl for conventional milk and 54.2ppl for organic, noting strong commodity markets, particularly for butter and fats, as EU supply tightens. Cheesemaker Barbers increased its October milk price by 0.62ppl to 43.03ppl, citing rising wholesale cheese prices but warning of potential pressure on prices if consumers reduce purchases in response to higher costs. Commodity Market Trends The commodity market saw notable increases, with UK wholesale butter and whole cream prices jumping by 7% in the four weeks to August 18, reaching £5,860/tonne ...
Modified: 11.09.2024Path: Dairy News: dairy market news every day
Tamgout Cheese: A Swiss-Inspired Success Story in Algeria’s Atlas Mountains
...,” he adds with a smile. As Tamgout continues to grow in popularity, it has become a ritual stop for visitors traveling through the region. Merchants like Omar Khaled Tilioua and Mounir Si Hadji Mouhand regularly make the trip from Oran to stock up on the cheese, which they now purchase by the wheel. Ibersiene’s journey from the Swiss Alps to Algeria’s Atlas Mountains has not only revived the local dairy industry but has also introduced a new generation of Algerians and international visitors to a ...
Modified: 11.09.2024Path: Dairy News: dairy market news every day
Greece Imposes Nationwide Ban on Livestock Movement Amid ‘Goat Plague’ Outbreak
... culling, according to regional governor Dimitris Kouretas. Thessaly has been the hardest-hit area, and efforts are now focused on preventing the virus fr om spreading to other regions. The Greek Ministry of Agriculture has emphasized that tightening these ... ... population of goats in Europe, the outbreak threatens the country’s agricultural economy, particularly the production of feta cheese, a hallmark of Greek exports. The government’s swift actions aim to protect the livestock industry and mitigate the devastating ...
Modified: 11.09.2024Path: Dairy News: dairy market news every day
China's demand for dairy remains robust but is set for a transformation
... annually a few years ago to 9 million today – means we must pivot to other growth sectors.” With China’s ageing population on the rise, adult nutrition, particularly for senior citizens, is now a focal point. The growing interest in sports nutrition ... ... lacks the cost-effective production capabilities that countries like Ireland possess. “China doesn’t have the balance of cheese and whey production that we do, which gives us a unique advantage as an exporter,” O’Sullivan explained. During the ...
Modified: 10.09.2024Path: Dairy News: dairy market news every day
Camel Milk Gains Global Traction, Expands Beyond Traditional Markets
... restarting its own camel cheese production to meet demand. “We got a very good response from the Russian market – so we will make cheese again,” says Koushik Choudhury , plant manager at Camelicious. The company is also diversifying its product range in ... ... compete with the well-established cow’s milk market. Given the high production costs of camel milk, Camelicious is focusing on developing value-added products. "We’re increasing the product portfolio and also we’re not trading in fresh milk ...
Modified: 10.09.2024Path: Dairy News: dairy market news every day
Isle of Man Enforces Ban on Certain EU Imports to Prevent 'Goat Plague'
In a bid to protect the Isle of Man's livestock from the highly contagious disease known as "goat plague" (Peste des Petits Ruminants, or PPR), the government has imposed a ban on the importation of specific sheep and goat products from the European Union. The ban, which includes postal imports of meat, cheese, and milk, is designed to safeguard the island's farming sector from a potential outbreak that could be devastating. The virus, which has been responsible for the deaths of hundreds of sheep and goats across mainland Europe, particularly in Romania ...
Modified: 10.09.2024Path: Dairy News: dairy market news every day
NDM and Whey Manufacturer's Stocks Decline in July Amid Rising Cheese and Butter Production
... year-over-year and a 2.0% decline (-3.7 million pounds) compared to June. Whey stocks also saw a sharp reduction, totaling 63 million pounds in July, down 25.0% (-20.8 million pounds) year-over-year and 2.0% lower (-5.3 million pounds) month-over-month. On the production side, July cheese production reached 1.19 billion pounds, marking a 1.9% increase (+21.8 million pounds) compared to the same month last year and a 2.7% rise (+31 million pounds) from June. Butter production followed a similar pattern with 162 million pounds produced,...
Modified: 09.09.2024Path: Dairy News: dairy market news every day
UK Milk Prices Rise in September Amid Tightening Supplies and Increased Demand
... approaches. This demand has been further supported by a 5.5% rise in wholesale dairy values at the GlobalDairyTrade auction on August 20, with butter and milk powders experiencing significant price gains. The increase in demand comes at a time when UK ... ... likely to see further benefits from these market dynamics, especially as demand for key dairy products such as butter, cream, and cheese remains strong heading into the autumn months.
Modified: 09.09.2024Path: Dairy News: dairy market news every day
New Zealand Dairy Industry Hits Record Production, Fuels Rising Futures Amid Global Market Trends
... total volume of exported dairy products reached 282,715 metric tonnes, led by strong performances in skim milk powder (SMP), cheese, infant formula, and casein exports. SMP exports, in particular, rebounded with a 57% YoY increase, driven by heightened ... ... experienced a decline in export volumes. These mixed results were reflected in recent Global Dairy Trade (GDT) events. GDT Event 361 on August 6 saw a modest 0.5% increase in the overall index, driven by gains in WMP and AMF, while SMP prices continued to face ...
Modified: 06.09.2024Path: Dairy News: dairy market news every day
Tropical Cheese Industries Reportedly Exploring Sale Valued Over $500M
... a sale that could value the company at over $500 million, according to sources familiar with the matter. The New Jersey-based company is working with investment bank Rothschild & Co to facilitate potential acquisition offers, though both Tropical Cheese and Rothschild have declined to comment on the matter due to its confidentiality. The sources, who requested anonymity, indicated that Tropical Cheese expects to generate nearly $50 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2024. Founded in 1982 ...
Modified: 06.09.2024Path: Dairy News: dairy market news every day
State Fairs Turn to Fake Cows for Milking Demos Amid Bird Flu Threat
... Wisconsin, wh ere dairy plays a central role at the state fair, visitors continue to enjoy the usual offerings like cream puffs and cheese curds, seemingly unphased by the virus. "I don't think it's a big risk," said O.E. Glieber, an 88-year-old fairgoer ... ... after exposure to infected animals have all recovered. As state and county fairs navigate these challenges, many are relying on creative workarounds like artificial cows to keep traditions alive while ensuring public safety. While the return of live animals ...
Modified: 06.09.2024Path: Dairy News: dairy market news every day
China Targets EU Dairy Amid Struggles in Its Own Industry
... been building for years. Overcapacity, falling demand, and a slowing economy are exerting pressure on the sector, particularly on higher-priced dairy products. China’s dairy market is grappling with the most significant difficulties since the 2008 melamine ... ... crisis in over a decade. Despite years of growth, milk consumption remains relatively new in China, and dairy products like cheese are still considered luxuries by many. However, the industry’s expansion has come to a halt. Milk prices have been declining ...
Modified: 05.09.2024Path: Dairy News: dairy market news every day
EU Butter Production Set to Decline by 1% in 2024 Amid Milk Supply Constraints
Butter production in the European Union (EU) is forecast to fall by over 1% in 2024, according to the latest USDA Dairy World Markets and Trade report. The decline is being driven by limited milk supplies, which have prompted dairy processors to focus on more profitable cheese production rather than butter and non-fat dry milk (NDM). The downward trend in butter production was already noticeable in early 2024, with a 4% reduction compared to the same period in 2023. Key butter-producing nations—Germany, France, Ireland,...
Modified: 05.09.2024Path: Dairy News: dairy market news every day
New Zealand Whole Milk Powder Production Set for Slight Decline Amid Strategic Shift
... milk powder (WMP) production is projected to see a slight decrease in 2024, dropping to 1.375 million tons, according to a recent USDA Dairy World Markets and Trade report. This marginal decline is a result of the dairy industry’s strategic focus on producing higher-value dairy products such as butter, cheese, and cream, which currently yield better returns. The move is part of a broader investment in enhancing processing capabilities to capture more value in an increasingly competitive global market. Despite the dip in production, New Zealand's WMP ...
Modified: 05.09.2024Path: Dairy News: dairy market news every day
Beston Global Food Company and Maggie Beer Holdings Consider Strategic Sales
Beston Global Food Company is currently evaluating a potential bid for its core cheese and lactoferrin business, signaling a significant shift in its strategic focus. Simultaneously, Maggie Beer Holdings has ... ... broader dairy industry is experiencing turbulence, with large-scale assets like Fonterra’s multi-billion-dollar holdings also on the market. The difficulties faced by smaller players like Beston and Maggie Beer illustrate the challenges of operating in ...
Modified: 04.09.2024Path: Dairy News: dairy market news every day
Uruguayan Minister Promotes Dairy Exports at Brazilian Agro Show
... to Brazil; we are good trade partners," stated Mattos, addressing recent tensions arising from Brazil’s restrictions on Uruguayan dairy imports. In 2023, Brazil accounted for nearly 40% of Uruguay's dairy exports. However, this year has seen a ... ... milk accounting for $550 million of that figure. Brazil remains a significant market for Uruguayan dairy products, including cheese, despite the current trade tensions. Minister Mattos’s visit and statements at Expointer aim to reinforce Uruguay's position ...
Modified: 04.09.2024Path: Dairy News: dairy market news every day
Overview of Saputo Inc.'s Market Position and Growth
... challenges. In 2024, European revenue is forecasted to increase by 3%, driven by continued demand for premium cheeses. Australia Australia generated about 15% of Saputo’s revenue in 2023, around $2.25 billion. The market showed a strong preference for cheese products, leading to moderate growth. In 2024, Saputo expects a slight revenue increase of 2%, focusing on sustaining demand for high-quality dairy products. Latin America Saputo’s performance in Latin America, particularly in Argentina , was impacted by economic instability, contributing approximately $1.5 billion to the company’s total revenue in ...
Modified: 04.09.2024Path: Dairy News: dairy market news every day
Bird Flu Concerns Loom Over Upcoming World Dairy Expo Amid Rising Infections
... virus. The stakes are high: if a cow tests positive for Influenza A, Wisconsin state authorities have indicated that all cattle on site would be temporarily quarantined, with the possibility of further quarantine measures being implemented. These restrictions ... ... approximately $800 billion to the economy, with 230 million pounds of raw milk processed into various products like fluid milk, cheese, ice cream, and yogurt, according to the International Dairy Foods Industry Association. Despite rigorous precautions, ...
Modified: 03.09.2024Path: Dairy News: dairy market news every day
Idaho Milk Products to Invest $200 Million in New Ice Cream Plant
... add value to our milk, always doing so in a way that is sustainable for the longer term. Our vision for this plant is to build on the strength of our existing business, leverage our Milk Innovation Center, the strength of our R&D team, and the unique synergies ... ... dairy companies in the area include Darigold , Commercial Creamery Company , Argopur , Magic Valley Quality Milk , Ballard Cheese , Brewster Cheese , Cloverleaf Creamery , Evans Farmstead Cheese , and High Desert Milk . Dairy production is Idaho’s ...
Modified: 02.09.2024Path: Dairy News: dairy market news every day
CME Dairy and Grain Markets End Week on a Positive Note
The week closed on a strong note for dairy and grain markets in Chicago, with positive movements across various products. The CME cheese market saw a significant rebound, with block cheese prices rising to $2.2100 per pound, an increase of $0.1350. Barrel cheese also experienced a notable uptick, closing at $2.2600 per pound, up 8.75 cents. In the butter market, a substantial ...
Modified: 02.09.2024Path: Dairy News: dairy market news every day
Glanbia's Michigan Mega-Plant: A Benchmark in Dairy Processing Efficiency
... highly valuable product, especially given Glanbia's leadership in the sports nutrition market. Whey protein isolate and whey protein concentrate, both high-margin products, are manufactured through advanced ultrafiltration techniques. Glanbia's focus on whey is strategic. The company's Nutritional Solutions division, which includes unbranded whey protein, reported sales exceeding $1 billion in 2023, with an earnings margin of 12.5%. In contrast, the cheese business, while substantial in volume, operates with a much thinner margin of 1.6%. Financial Performance and Strategic Importance MWC’s annual production of 150,000 tons of cheese and 10,000 tons of whey protein underpins Glanbia's dominance ...
Modified: 30.08.2024Path: Dairy News: dairy market news every day
International Dairy Industry Forum to Take Place in Aktau on October 10-11, 2024
On October 10-11, 2024, the International Forum of Dairy Industry Experts, Cheese, and Dairy Product Manufacturers will be held in Aktau, Kazakhstan. Over two days, leading experts and technologists from France, the Netherlands, Italy, Russia, and Kazakhstan will share their knowledge and discuss the latest technologies in the ...
Modified: 29.08.2024Path: Dairy News: dairy market news every day
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