Chinese consumption of UHT milk jumped from less than 18 million lbs. in 2010 to a forecast 331 million lbs. this year.
Canada’s Saputo seeks to tap growing demand in China with purchase of Australian cheese and butter plant.
Poised to break the 10,000-metric-ton mark in 2013, South America is a different animal than China or Southeast Asia.
Dairy Farmers of America, Foremost Farms USA and Northwest Dairy Association all will get CWT export assistance.
The Fonterra-owned plant will export its milk powder to more than 20 markets worldwide, including the Middle East, China and Southeast Asia.
Year-to-date, CWT has assisted member cooperatives in selling the equivalent of 2.260 billion pounds of milk on a milkfat basis to 35 countries on every continent but Antarctica.
Dairy economist says the market isn’t reflecting all the industry’s bullish fundamentals.
Milk prices to remain strong; record corn crop also expected.
CWT has accepted 14 requests for export assistance from Foremost Farms USA, Land O’Lakes, Maryland & Virginia Milk Producers Cooperative Association and Northwest Dairy Association (Darigold).
CEO Theo Spierings will assume interim responsibility for the day-to-day operations of Romano’s division.
Vilsack: The 2010 deal through which the U.S. pays Brazil $147 million a year to aid its cotton industry won’t be funded once the current farm law starts expiring.
Fonterra CEO says milk powder contamination scare put the cost at “tens of millions” of New Zealand dollars.
Prices increase after an import ban by China and Russia on New Zealand’s largest dairy exporter stokes speculation buyers will seek limited supplies elsewhere.
The ban could disrupt world dairy markets, creating an opening for U.S. products.
U.S. dairy products have been locked out of the Indian market.
Feed price relief on the horizon for dairy producers, but high stocks dampen milk and product prices.
May exports of U.S. milk solids reached an astounding 16.9% of the nation’s total.
Shipments of non-compliant milk dropped from just under 10% in January 2012 to 6% in June.
Year-to-date, CWT sales are equivalent to 1.9 billion lb. of milk.
Year-to-date sales are the equivalent of 1.790 billion pounds of milk on a milkfat basis.
Chinese agencies also are investigating 23 cases of possible monopoly violations by overseas companies.
Milk supply growth to reduce, but not puncture, international prices over next 6 months.
University of Wisconsin dairy economists discuss dairy market implications.
Year to date, CWT sales are the equivalent of 1.725 billion pounds of milk on a milkfat basis.
CWT has accepted four requests for export assistance from Dairy Farmers of America and Northwest Dairy Association to sell Cheddar cheese to customers in Asia and North Africa.
Milk prices are forecast in the $17-$19 range for this year and next.
The membership requirement will increase from 2¢ per cwt. to 4¢ per cwt. for the dairy export assistance program.
Gains were led by an unprecedented level of milk powder shipments.
California can ship dairy products to China for less than it can eastern U.S. markets.
University of Wisconsin dairy economists say tight global supply and demand situation should support Class III prices at $19.