Rabobank lowers its 2023 milk production forecast. Milk production from the Big 7 export regions is anticipated to grow by 0.3% YOY in 2023. The downgrade from last quarter’s estimate of 0.5% is driven by reductions in most key global regions, including the US, EU, and New Zealand. Into 2024, output is expected to climb …
Global Dairy Quarterly Q3 2023: Progressing Past the Pain Read More »
Fonterra reports strong FY23 results Fonterra has announced its results for the financial year ending 31 July 2023, with a reported profit after tax of NZD 1.6 billion (approx. $952 million). The New Zealand dairy cooperative saw FY reported earnings of 95 cents per share, up from 36 cents per share in the year-ago period. Its …
Fonterra reports net profits nearly triple Dairy co-operative Fonterra’s full year net profit has nearly tripled, with revenue growth of 12 percent. The dairy exporter said the strong result reflected the execution of its strategy, against a backdrop of weak farmgate milk prices. Key numbers for the 12 months ended July compared with a year …
Facility expected to create 200 new direct, indirect jobs Dairy company Nutridor, a subsidiary of Nigeria’s Tropical General Investments (TGI) Group, has launched operations of its AED75 million ($20.4 million) factory in Dubai, expanding its footprint in the region. The dairy production facility occupies a built-up area of 100,000 square feet in Dubai Industrial City, …
Nigeria’s TGI Group starts $20mln dairy factory in Dubai Read More »
National Dairy Development Board chairman Dr Meenesh Shah has said that the NDDB intends to develop a dairy value chain in Ladakh that would provide profitable returns to the producers from milk business. National Dairy Development Board chairman Dr Meenesh Shah has said that the NDDB intends to develop a dairy value chain in Ladakh that would …
Plant has a production capacity of 50,000 litres of milk per day which can be increased to 1 lakh litres per day as and when required and was built at a cost of Rs 28 crore. Plant has a production capacity of 50,000 litres of milk per day which can be increased to 1 lakh …
HEMANT SOREN E INAUGURATES ‘HI-TECH’ DAIRY PLANT AT CHIANKI IN PALAMU DISTRICT Read More »
Global Dairy Trade Event 341 concluded with the GDT Price Index up 4.4% Prices have risen yet again in the latest Global Dairy Trade auction held overnight, with a 4.4 per cent lift across the board – which will be well-received on farms across New Zealand as the season nears its peak. It is the third significant increase in a …
Global Dairy Trade auction: Third rise in a row lifts farmers’ spirits Read More »
In a significant move, the Tamil Nadu government on Wednesday announced that it has decided to increase the procurement price for the maximum fat content of milk which is sold by the Tamil Nadu Cooperative Milk Producers Federation Limited (TNCMPFL) under the brand name of Aavin. “Testing of milk samples from some of the TNCMPFL …
TN Govt hikes procurement price for high fat milk Read More »
Amul does not anticipate any price hike as the situation is “pretty” good this year after timely monsoon rains in Gujarat and flush milk procurement season is starting, GCMMF Managing Director Jayen S Mehta said on Wednesday. The Gujarat Cooperative Milk Marketing Federation (GCMMF) sells its dairy products under the popular Amul brand. “The situation …
Amul expects no price hike after timely monsoon in Gujarat, says chief Jayen S Mehta Read More »
AMF index up 3.7%, average price US$4,979/MT Butter index up 1.3%, average price US$4,806/MT BMP index up 0.6%, average price US$2,245/MT Ched index down 4.8%, average price US$3,853/MT LAC index down 1.3%, average price US$594/MT SMP index up 6.6%, average price US$2,558/MT WMP index up 4.8%, average price US$2,931/MT Buffalo milk 6.0% fat and 9 …
Global Dairy Trade Event 341 concluded with the GDT Price Index up 4.4% Read More »
