First Milk has published its Annual Report and Accounts for the year ending 31 March 2020, which reports a year of progress, delivering growth, investment and improved member returns.
German dairy co-operative, Hochwald, has released its annual financial statements, reporting high investment levels and a significant increase in equity.
The UK government, working with the devolved administrations in Scotland, Wales and Northern Ireland, has launched a consultation seeking to end any unfair practices across the UK’s dairy sector.
Fonterra farmers producing sustainable, high quality milk will be eligible for a new payment, as Fonterra announces important changes to the way it pays farmers for their milk.
Fonterra Co-operative has reaffirmed its forecast farmgate milk price range at €3.96-4.30 per kgMS and its forecast full-year underlying earnings guidance of €0.085-0.14 per share.
Milk and dairy product prices are on the rise, but the ability to pass on these increases through the supply chain to consumers is a challenge, according to the latest RaboResearch Dairy Quarterly report.
In contrast to tightening milk supplies in the EU as a whole, UK milk production has been hitting 20-year highs every month so far this year, according to the UK AHDB.