Fonterra cuts milk price forecast as demand from China slackens
Fonterra has reduced and narrowed its 2022/23 season forecast to $8.20 – $8.80 per kg of milksolids, with a midpoint of $8.50, due to softer demand out of China. The previous forecast was in a range...Read More
Soy, oat, almond, others can be called milk, FDA proposes
Soy, oat, almond and other drinks that bill themselves as “milk” can keep using the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued guidance t...Read More
Dairy industry’s proposal to increase milk price by Rs 10 per liter
The dairy industry has proposed increasing the price of milk by 10 rupees per liter. According to the Nepal Dairy Association, it has proposed increasing the price of milk by 10 rupees per liter based...Read More
Global dairy prices goes down by 1.5%
Global Dairy Trade Event 326 concluded with the GDT Price Index down 1.5% and average price closed at USD 3414 per Metric ton. A total trade of 30693 MT of dairy commodities was carried out during th...Read More
FAO, WHO Report on Food Safety of Water Reuse in Dairy
The Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO) recently published a report that provides guidance for the dairy industry on food-safe sourcin...Read More
Milk price reaches Rs210 a litre in uncertain economic conditions
In uncertain economic conditions, consumers continue to receive severe price shocks following an unchecked hike in the prices of daily use items, including loose milk, which has been increased to Rs21...Read More
Saputo prioritises value over volume to keep dairy “affordable”
Saputo has flipped its focus to value over volume after a challenging couple of years characterised by supply chain and inflationary pressures. As input costs “remain high” across the supply chain an...Read More
Israeli development to change how we consume dairy products
Antibiotic-resistant bacteria are one of the greatest health risks facing humanity because they keep multiplying, and antibiotics lose their effectiveness as their use increases. The Israeli biopharma...Read More
Solid performance and sustainability action in volatile year by ARLA
Arla Foods navigated the inflationary environment of 2022 effectively, delivering a strong performance that enabled it to deliver a significant increase in its prepaid milk price and an above target s...Read More
Remilk defers plan for world’s largest precision fermentation facility
Israeli startup Remilk—one of the best-funded players in the nascent animal-free dairy space—has hit pause on plans to build a large-scale precision fermentation facility in Denmark and is instead ram...Read More
Can Danone reach its climate goals without scaling own farming?
Last month, the French food company Danone — owner of milk and yogurt brands like Activia and Horizon Organics — pledged to cut absolute methane emissions from its milk supply chains by 30 percent by...Read More
Global dairy prices improves at GDT auction on Feb 7th
The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being s...Read More