The US Dairy Export Council (USDEC) has entered into an up to three-year Memorandum of Understanding (MOU) with Jiangnan University to create the healthy foods China’s growing population needs with US dairy ingredients.
“Significantly better milk prices over the last year were good for milk producers and dairies. However, 2017 was also characterised by rising milk volumes in Europe and around the world,” notes, Hans Holtorf, the CEO of frischli Milchwerke and deputy chairman of the German Dairy Industry Association (MIV).
Fonterra is breaking new ground in South Asia’s dairy market with the signing of a new distribution agreement that will make Anchor available to millions more consumers in Bangladesh.
A House of Lords committee has revealed that there are currently 8,000 tonnes of skimmed milk powder being held in public stores the UK, but no agreement on what to do with it when the UK leaves the EU.
The German Dairy Industry Association (MIV) expects a decline in milk producer prices in Germany for the first quarter of 2018, but do not dare to give a forecast on the further development of producer prices beyond the first quarter.