Saputo won approval from Australia’s competition regulator for the planned $1 billion takeover of the country’s largest dairy processor, Murray Goulburn Co-op, after the Canadian company agreed to sell a key asset.
Global dairy prices dropped for a fourth consecutive time at a fortnightly auction on Wednesday as production in New Zealand showed signs of a potential turnaround after weak levels earlier in the season.
A U.S. dairy trade export group has partnered with a Chinese university to create a food science research center, hoping to bolster relations and expand dairy exports from the United States into China.
As the U.S. takes aim at Canada’s dairy sector as it attempts to renegotiate NAFTA, Canada's farmers and processors are forging ahead with some of their biggest expansions and investments in more than a decade.
The key to the dairy industry’s success lies in exports as the world’s growing middle class seeks to add more dairy to their diet, according to milk marketing panel discussion at the Dairy Strong conference.