The US Department of Agriculture (USDA) will support dairy producers by buying around 11 million pounds of cheese at $20m through its Margin Protection Program (MPP). The announcement from USDA is aimed at reducing a cheese surplus which ...
Tags: USDA, dairy producers, MPP
Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...
Tags: low milk prices, Murray Goulburn
The European Union is set to provide an emergency aid of €500m to compensate for falling milk and meat prices, as thousands of protesting farmers blocked the streets near the EU neighbourhood in Brussels. The Commission is set to ...
Tags: skimmed-milk powder, pork products
Fonterra, New Zealand's dairy co-operative, has reduced the price it expects to pay farmers for milk, in response to the declining dairy prices in the international market. The price has been reduced to also deal with the glut in ...
Tags: Dairy, milk, Agriculture
The free trade agreement (FTA) to be signed by Australia and China is expected to provide the former's dairy farmers tariff-free access to the latter's infant formula market over the next four years. Australian Government sources were ...
Tags: dairy farmers tariff-free, infant formula market, Agriculture
Global meat consumption is still ascending. Its expected growth is pegged at about 1.9% per year from 2014-2023. Meat shipments from major exporters are projected to rise 2.2% per year. “With the tight domestic supply and ...
Tags: Protein Appetite, meat
The average price for December milk in the U.S. is $21.80 per hundredweight, up 20 cents from November. Wisconsin's milk price for December is expected to be $21.90, up a dime from November, California is projected to average $20.50 up 49 ...
Tags: Dairy Prices, Agriculture News, Farming News
Chinese consumers can expect higher dairy prices in December because of a shrinking supply of raw milk from the country's fragmented milk farms. Most domestic dairy companies put up prices last week, ranging from five to 20 percent. This ...
Tags: Milk Powder, Dairy Products
Chinese consumers can expect higher dairy prices in December. Most domestic dairy companies raised prices since July, ranging from 5-20%. The price hike results from a shrinking supply of raw milk from the country\s fragmented milk farms. ...
Tags: Dairy Prices, Milk
World food prices rose in October after falling in each of the previous five months, pushed by higher sugar prices, the United Nations Food and Agriculture organization said, also predicting that prices would remain stable going forward, ...
Tags: food prices
The widening gap between milk demand and supply will lead to a shortage totaling about 15 to 20 percent of China's market value in 2017, or 66 billion yuan ($10.75 billion), a report has said. Driven by increasing consumption and deeper ...
Tags: Milk Market, Milk Demand
Murray Goulburn (MG) Co-operative, an Australian diary giant, has recorded more than two-fold increase in net profit after tax to $34.9m for the financial year ended 30 June 2013, as compared to $14.5m in 2012. Sales rose by 1% against ...
Tags: Murray Goulburn, Food
New Zealand-based multinational dairy co-operative Fonterra plans to establish a milk processing facility in China by the end of 2016, in order to enter into the country's infant milk formula market. The proposed milk processing facility ...
Tags: Fonterra, milk processing plant, milk
Global food commodity prices dropped back in 2012, with dairy and sugar showing the sharpest declines, new figures from the United Nations' Food & Agriculture Organisation show. Despite ongoing concerns around rising food prices, the UN ...
Tags: food commodity prices, 2012, FAO
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...