Entire dairy value chain feeling pressure around the world
According to a new report from Rabobank, participants all along the dairy value chain are being squeezed. Producers’ milk prices have tumbled from 2022’s lofty levels while feed prices are at record h...Read More
Global dairy price index down by 0.7%. Cheddar prices crashed
Global dairy price index went down by 0.7% at its 327th auction on March 7th 2023. The new average price is USD 3403 per MT.The total traded commodities volumes also contracted to 26747 MT. Cheddar ch...Read More
Meat, dairy and rice production will bust 1.5C climate target
Emissions from the food system alone will drive the world past 1.5C of global heating, unless high-methane foods are tackled as per a study. Climate-heating emissions from food production, dominated...Read More
Dairy Consumption Linked to Prostate, Ovarian, Breast Cancers
Naturally occurring hormones and compounds in dairy products may play a role in increasing the risk of breast, ovarian, and prostate cancers, according to a new narrative review by the Physicians Comm...Read More
Anonymous Petitioner Challenges Perfect Day’s Patents For Whey
Perfect Day, the leading producer of precision fermentation whey, has had its US patent challenged by an anonymous petitioner. The news of the patent challenge broke yesterday. While the request has...Read More
IKEA Will Eliminate Dairy Products from Menus by 2030
According to IKEA, it serves more than 650 million customers each year across its restaurants, cafes, and bistros. Ditching dairy to be ‘people and planet positive’ The company’s new sustainability pl...Read More
Drinking’ milk to stay key category for Australian dairy sector
The liquid ‘drinking’ milk market remains of key importance to Australia’s dairy sector – with improved domestic retail pricing and opportunities for further export growth – Rabobank says in a newly-r...Read More
Milk production surge continues in USA
On Wednesday afternoon, USDA released the most recent U.S. milk production report. Production continues to increase as the report stated that, “Milk production in the 24 major States during January to...Read More
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