Saudi Arabia’s Almarai, the Gulf’s largest dairy company, plans to spend $2.8 billion in capital investment under a five year business plan aimed at boosting its efficiency and expanding its geographic footprint.
Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation.
While discussions press on regarding the renegotiation of the North American Free Trade Agreement without mention of dairy issues, industry leaders are confident Class 7 will be addressed before the deal is done.
The world’s top dairy exporter, New Zealand’s Fonterra Co-operative Group Ltd, said on Tuesday that milk production in its home market fell 1 percent in March, pointing to support for global dairy prices.
Mexico appears poised to enact new restrictions on the use of common cheese names such as parmesan, munster and feta for products sold in Mexico, a development that runs counter to existing trade agreements.
U.S. dairy groups commended the bipartisan efforts of 68 members of Congress who encouraged the U.S. Trade Representative to eliminate Canada’s tariffs on U.S. dairy exports and its protectionist pricing policies.
For the second time in a week U.S. Senate Minority Leader Charles E. Schumer (D-N.Y.) has gone to bat for dairy farmers in the U.S. prior to possible renegotiations for the North American Trade Agreement (NAFTA).
U.S. President Trump and Japanese Prime Minister Shinzo Abe said they have agreed to intensify trade consultations between the two longtime allies, with an aim to expand investment and trade between their countries.