Global Economy
The quest for more milk supply should ensure a tight global market environment through the third quarter of 2013.
Supplies may be as much as 15-20% below a year earlier as the most widespread drought in at least three decades curbs supplies.
Bank’s report recommends changes in the industry to maximize milk value for state’s producers, including less reliance on milk marketing orders.
Low milk prices, higher energy and corn costs squeeze profitability.
The New Zealand dairy giant consults with its biggest customer China after traces of an agricultural chemical were found in some of its milk products.
New Zealand dairy giant places dedicated leadership to develop opportunities in the rapidly growing Indian market.
But several factors suggest U.S. will remain a significant player in the global market.
International bank also sees improved dairy demand, potential price rise in the coming six months.
University of Wisconsin economists discuss Class III prices, cow numbers, feed prices and the export market.
THE Scottish dairy sector is reeling after the announcement that milk processor Robert Wiseman Dairies is to slash the price paid to its farmer suppliers for the second time in three months.
Hundreds of cartons of milk were contaminated with detergent on plant’s production line.
Bipartisan legislation would enable U.S. companies to expand exports to Russia when it joins the World Trade Organization this year.
With European partner, the New Zealand company will establish a new cheese plant and a dairy ingredients factory in the Netherlands to supply its European and Asian customers.
Dan MacSweeney**Position:**chief executive**Age:**56**Family:**married to Miriam with two sons**Hobbies:**team sports.....**Carbery Group****Location:**Ballineen, west Cork**Employees:**520**Turnover:**EUR 256.5 million in 2011**Shareholders:**West Cork Co-Ops (91 per cent), milk suppliers (9 per cent).....The Carbery Group has been based in the picturesque west Cork village of Ballineen since it was established in 1964. But in the intervening years, it has expanded around the world, and now has subsidiaries in south-east Asia, South America, the US and Britain.
The move follows Nestle’s recent dairy investments in Chile, Sri Lanka, China and Brazil.
New Zealand dairy giant says Asia is leading the world in dairy demand growth and Indonesia is a big part of that demand.
The world’s leading dairy exporter will focus more tightly on emerging markets and products that meet growing consumer demand for dairy nutrition.
Processors emphasize role of global markets in the industry’s future as world’s population soars.
Mexico is the largest overseas market for U.S. milk powder, cheese and ice cream.
The bank’s five-year dairy outlook foresees high prices but not increased profits for all. Whey, not cheese, will be a star.
The Kumamoto Dairy Cooperative Association, a grouping of dairy farmers in Kumamoto Prefecture, is intensifying its efforts to boost milk exports to other Asian countries. At present, milk produced in Hokkaido dominates Japan’s milk export business because of its brand cachet. But milk producers in Kumamoto are striving to blaze a new trail overseas amid the trend toward globalization such as Japan’s possible signing up for the U.S.-led Trans-Pacific Partnership free trade deal.
World’s largest dairy exporter attributes large shipments to continued growth in global demand for dairy products and record milk production in New Zealand.
Over the next decade, the company says, the potential to grow dairy globally is more than double that of the next two food categories—bakery and chilled processed foods—combined.
The giant food company is helping China accelerate the development of its milk industry,
But in a delicious ironic way, the demand for whey, the waste product of cheese manufacturing, is now growing by leaps and bounds.
China is importing more dairy cows to try and beef up its transition to larger scale farms, as the industry attempts to boost production and quality following a deadly scandal.
DROUGHT in the US is set to be great news for Australian beefexports and local cattle prices by next year, despite uncertain economic times hindering global demand in the near future. Despite short term obstacles like the high Australian dollar, a bulge in US drought-induced herd slaughter rates and global economic insecurity, beef’s longer-term market prospects were literally “bullish”, said Rabobank animal protein market specialist, Wendy Voss. The bank’s latest Beef Quarterly report, co-authored by Ms Voss, has forecast a notable upturn in demand for the second half of 2012. Cattle prices within Australia are tipped to hit record highs later next year as overseas markets shift from a summer supply bulge - primarily caused by the US where herds are being culled due to severe drought - to materially lower supplies.
Global consumption seen rising 3% in 2017, USDA data show.
Food prices are falling amid an outlook for bigger grain crops, rising milk output as well as a recovery in U.S. pork production.