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Monday, April 27, 2020
Global Dairy Weekly (week ended April 24, 2020)
Philadelphia, PA - After several months of price-negative news, dairy market sentiment is shifting to be less bearish. Please note: this does not mean bullish.
Saturday, April 25, 2020
US' New Mexico dairy sector drowns in milk surplus
The dairy sector of New Mexico is working to find uses for excess milk, but the drop in demand is "an absolute nightmare situation," says Charlie DeGroot, a partner in Three Amigos Dairy, reported Taos News.
Saturday, April 25, 2020
Japan's dairy capital requests manpower from tourism sector
As Japan's dairy capital face labour woes, the Hokkaido government has turned to hotel and restaurant workers who lost their jobs due to the COVID-19 outbreak to fill in the gap, reported Nikkei.
Friday, April 24, 2020
Japanese official pleads to public as dairy sector struggles
Donned in a cow costume, Japan's Agriculture Ministry official Yoshio Shitamura made a plea to the public to drink more milk as the nation's demand has dropped by as much as 30%, Bloomberg reported.
Thursday, April 23, 2020
Global dairy prices plunge to lowest level
Dairy prices have dropped to their lowest level in over a year in the global dairy auction overnight, with the average price falling 4.2% to US$2,836 (NZD4,747) per tonne.
Wednesday, April 22, 2020
UK's milk prices dive as dairy farms struggle amid COVID-19
Companies such as Medina Dairy, who supply supermarkets including Sainsbury's with milk, have been forced to slash milk prices amid the COVID-19 crisis due to lack of demand amid lockdown.
Wednesday, April 22, 2020
US dairy demand goes down 10%
The closure of dine-in eateries in the midst of COVID-19 lockdown has pushed the US' overall dairy demand down 10%, an analyst says.
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.
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