dairy prices
After the darkness
Rabobank’s Top 20 was released last week, and showed the effects of the downturn on the top processors globally in 2015. Now that milk prices are finally firming up, it is a snapshot of how the industry has weathered the downturn.
Business & trade, Dairy processing, Dairy science, End products, Ingredients
Where dairy dares
An interview with Jan Maartin Vrij, chair of the Dutch organising committee of the World Dairy Summit.
Business & trade, Dairy processing, Dairy science, End products, Ingredients
Fonterra announces 2016 interim results
Fonterra Co-operative Group Limited has announced a good performance in the first half of the current financial year, with normalised earnings of $665 (€596) million up 77% on the comparable period, and net profit of $409 (€366) million up 123%.
Business & trade, Dairy processing, End products, Ingredients
Fonterra revises milk forecast
Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from €2.54 per kgMS to €2.39 per kgMS.
Business & trade, Dairy processing, End products, Ingredients
Fonterra responds to rating drop
Fonterra Co-operative Group has been notified that rating agency Standard and Poor’s has downgraded its rating from A to A-.
Arla predicts success in interim report
Globally declining milk prices are currently causing problems for Arla Foods, but its 2015 interim report projects success for the future.
Business & trade, Dairy processing, End products, Ingredients
Rabobank says NZ will ride out the storm
The recent collapse in dairy prices does not equate to long-term structural market change in the sector, according to industry analysts Rabobank.
Business & trade, Dairy processing, End products, Ingredients
Still more milk than market, says Rabobank
The world is still producing more milk than the market currently needs. This imbalance is unlikely to be substantially corrected in the second half of 2015, according to the Rabobank Dairy Quarterly.
Business & trade, Dairy processing, End products, Ingredients
Fears grow over impact of EU quota abolition
By Keith Nuthall Serious concerns were raised at the European Parliament over the impending abolition of European Union (EU) milk production quotas, as dairy prices continue to fall. A special hearing on the future of the industry heard (on Tuesday 27 January) how the sector had been taken by surprise in the past year by […]
Business & trade, Dairy processing, Dairy science, End products, Ingredients
Dairy UK: Defra promises dairy help from Europe
Following publication of a report on dairy prices by the UK’s House of Commons Environment, Food and Rural Affairs Committee, Dairy UK issued the following statement. Dr Judith Bryans, chief executive of Dairy UK, says: “There are a number of important findings in this report that will be welcomed by the dairy industry. The committee […]
Business & trade, Dairy processing, Dairy science, End products, Ingredients
Dairy prices continue to fall, says Rabobank
International dairy markets continue to suffer from low prices according to Rabobank’s latest Dairy Quarterly report, though the rate of decline in the price of dairy commodities has slowed compared to that seen in the third quarter of 2014. Exceptional milk production growth in export regions in the last nine months has outstripped weak local […]
Business & trade, Dairy processing, Dairy science, End products, Ingredients
Chinese imports drop by 12.6%
New Zealand dairy giant Fonterra’s published figures have shown a decrease of 12.6% for Chinese dairy imports year on year, according to the company. WMP fell by 50% in September. The country is said to be buying less due to drawing down of current stocks. China purchases about two thirds of the world’s trade in […]
Business & trade, Dairy processing, Dairy science, End products, Ingredients
The reach of Russia’s ire
Russia’s ban may have global implications beyond Europe, Carmen Paun reports
Business & trade, Dairy processing, Dairy science, End products, Ingredients
Russian dairy ban will have global impact, says EDA
By Carmen Paun, in Brussels The ban imposed by Russia at the beginning of August on dairy products from the European Union (EU), US, Canada, Norway and Australia will cause disturbances on the European and world markets, the European Dairy Association (EDA) warned the European Commission on 13 August. This is due to a redirection […]
Business & trade, Dairy processing, Dairy science, End products, Ingredients