News

Reduction of milk supply for processors due to seasonality and dry weather has affected the growth of milk purchase prices. In addition, severization of requirements for the quality parameters of milk for processing affects the gap increase between the price for Extra Grade milk and other grades. This was...

China has agreed to accept imports of British dairy products made with milk from third countries in a deal that is estimated to generate 240 million pounds ($310 million) for the UK economy over 5 years. And China's developing taste for potatoes will soon be fueled by British produce, after an agreement was signed that allows the UK to export seed potatoes to China fo...

Tuesday's Global Dairy Trade (GDT) event concluded with the price index down 3.6%. Just over 32,000 t of dairy commodities were sold at the GDT auction on Tuesday to 126 winning bidders. However, the price index fell 3.6% on the last auction, bringing the av...

In the first half of 2018 the Republic of Belarus sharply reduced the export of dairy products to the Russian Federation. This follows from the report of the National Statistic Committee of Belarus (Belstat). The main reason for the decline in exports was the decline in the supply of condensed milk and milk powder to Russia. At the same time, as it became known, the suppl...

Profitability of dairy business in the UkrLandFarming agricultural holding reaches 20%. This was told by Galina Kovtok, the operations director of the agricultural holding, in an interview with Latifundist.com. «The figures differ from farm to farm. Prof...

World milk output in 2018 is forecast to increase, with expected higher yields and stable-to-rising dairy herd numbers, supported by favourable weather and improved producer margins. This is according to the July Food Outlook, published by FAO. The FAO also forecasts that global trade in milk products is foreseen to rise this year, underpinned by ...

Milk production has been variable in South America, mainly driven by mixed climate conditions, but still suitable to meet most manufacturing needs. Market conditions in Argentina are reported as steadily improving, and new export opportunities are emerging. For instance, Argentina exported milk caramel (dulce de leche) to Japa...

Australia is at the beginning of the seasonal dairy manufacturing and trading activity. The 2017−18 season ended with a production +3.1% higher than the previous year. In New Zealand the market is quiet, both for the 3-week break in GDT event schedule (from July 17 to August 7) and for the low seasonal milk production. WMP market is almos...

The humble oat doesn’t exactly ooze Instagrammable cool. Yet it is fast becoming the star in trendy coffee shops, favoured by baristas as their faux milk of choice thanks to its «mouthfeel», taste and ability to foam and be swirled into «latté art». Demand for alternatives to dairy has accelerated over the past...

The FAO Food Price Index(FFPI) averaged 168.8 points in July 2018, down as much as 6.5 points (3.7 percent) from June and 10.3 points (3.7 percent) from the corresponding period last year. The July fall marked the first significant month-on-month decline in the value of the FFPI since December 2017, reflecting notable drops in the values of all sub-indices. The FAO Dairy Price Index averaged 199.1 points in July, down 14.1 points (6.6 percent) from June. At this level, the index stood at 10.7 percent above January 2018 but still 8 percent below...