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Wednesday, April 22, 2020
New report warns over 10,000 jobs at risk in EU's dairy industry
As a result of COVID-19, more than 10,000 jobs and EUR2.2 billion worth of dairy output could be lost by the EU's milk processing sector, according to an analysis by EY.
Wednesday, April 22, 2020
Meiji acquires stake in Japfa's dairy firm
Meiji, Japan's dairy giant, has agreed to acquire a 25% stake in Japfa's dairy company, AustAsia Investment Holdings, in a US$254.4-million deal that aims to expand its presence in China's dairy sector.
Friday, April 17, 2020
An eastward journey towards a prosperous, balanced dairy market
Covid-19 interrupted a market balancing process that has been underway for several years, thereby widening price disparities between dairy fats and powders. Led by China, Far Eastern dairy consumption remains on track to spark a new, early ...
Wednesday, April 15, 2020
Rabobank predicts grim dairy seasonal outloo
The latest Rabobank dairy seasonal outlook report is grim reading with a predicted sizable hit to dairy farm incomes for the new production season beginning in June.
Wednesday, April 15, 2020
US government under pressure to buy more meat, dairy and produce for aid
UK cattle markets are constantly swinging up and down amid the volatile COVID-19 economy.
Wednesday, April 15, 2020
US government under pressure to buy more meat, dairy and produce for aid
With demand from foodservice and the restaurant industry at all-time lows from COVID-19, there are calls for the Trump administration to buy more meat, dairy and produce for the needy as farmers destroy agriculture goods, reported Reuters.
Tuesday, April 14, 2020
Irish dairy farmers collaborate to overcome COVID-19 situation
The Irish Farmers Association (IFA) has been contacted by multiple concerned farmers who were worried over media stories of milk dumping in other countries affected by COVID-19, IFA Dairy Chairman Tom Phelan reported.
Tuesday, April 14, 2020
US dairy groups work to keep market moving
With the COVID-19 pandemic still bringing major dairy market disruptions, dairy checkoff leaders addressed the current market situation to free up obstructions and ensure dairy products are reaching consumers.
Monday, April 13, 2020
Global Dairy Weekly (week ended April 10, 2020)
Philadelphia, PA - CME barrel markets finished this holiday-shortened week at the fourth-lowest price level on record ($1.00/lb), according to our database that goes back to 1998. Block and butter prices are at levels last touched during th ...
Saturday, April 11, 2020
US dairy industry sounds alarm as supply exceeds demand; urges swift action
The International Dairy Foods Association (IDFA) and the US' National Milk Producers Federation (NMPF) have urged concerned authorities to take swift, comprehensive action to support the US dairy industry through the COVID-19 crisis.
Thursday, April 9, 2020
India's dairy sector faces 30% dip in demand
The Indian dairy industry, which is worth INR100,000 crore, has suffered a 25%-30% dip in demand ever since the country shut down for the COVID-19 lockdown more than two weeks ago.
Monday, April 6, 2020
Global Dairy Weekly (week ended April 3, 2020)
Philadelphia, PA -This week, dairy product prices fell to the lowest levels since the financial crisis. The last time prices of blocks, barrels, andbutter were at these levels was 2009. Dairy markets are now in a periodthat we will look bac ...
Thursday, April 2, 2020
US dairy farmers to dump milk on oversupply
The Dairy Farmers of America (DFA) has requested farmers who sell their milk to DFA to consider voluntary dumping of product amid a changing market during the COVID-19 pandemic.
Monday, March 30, 2020
India's Assam dairy sector suffers from COVID-19 lockdown
With farmers having to deal with lockdown regulations that have severely impacted their livelihood, the dairy industry in Assam, India has come to a standstill.
Monday, March 30, 2020
Global Dairy Weekly (week ended March 27, 2020)
Philadelphia, PA - Butter prices finished today at the lowest level in six years. Nonfat dry milk prices are at the lowest price level in a little more than a year. Blocks andbarrels are at the lowest price level in about oneyear. Lows. Low ...
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