News

GLOBAL — The FAO Food Price Index remained broadly steady in April, averaging 173.5 points for the month, a tiny notch up from March and 2.7 per cent higher than in the same month of 2017. Prices of cereals and dairy products continued their recent rising trend, while those of sugar continued their decline, FAO reports. FAO also released its first forecasts for the 2018/19...

Butter markets continue its high volume trading sessions on Wednesday as another 16 loads traded and five bids and offers were left unfilled. Butter fell 1 ¼ cents to $2.34 ¾ cents per pound. Blocks added ½ cents to $1.66 ½ on one trade and six bids. Cheddar barrels moved nine loads but close unchanged at $1.60 ¼ per pound. Grade A nonfat dry...

Exports of cheese from the UK surpassed the £615 million mark last year — rising 23 per cent from 2016, according to the latest figures from HMRC. The data shows volumes of exported cheese rose by five per cent from the previous year — reaching just over 170,000 tonnes. While cheddar continues to dominate exports, fr...

Chinese dairy import kept growing fast in the first quarter of 2018: +15.3% in quantity and +24.2% in value y—o—y. Import is over 758,000 tons of milk and derivatives, for a total value of 2.58 billion dollars. There is still much room for growth, it is evident: the key is to spread the culture of consuming dairy products. The growth in imports is widespread among t...

In the first two months of 2018, US dairy exports grew +12.7% in quantity and +1.2% in value, year—over—year. The export volume increases more than the value, a sign that the competitiveness of U.S. dollar against the Euro, together with the low market prices of «Made in USA» dairy...

The share of Russia in the total volume of exports of Belarusian dairy products is gradually decreasing, the supplies are diversified to the market of CIS countries and far abroad, Head of Department for Foreign Economic Affairs of the Ministry of Agriculture and Food of the Republic of Belarus Alexey Bogdanov said on Wednesday in&nb...

EU dairy export grew in the first two months of 2018: +5.2% in volumes and +2.4% in value compared to jan—feb 2017. Cheese export strengthened: even though the United States and Japan have reduced imports compared to the first two months of 2017, the EU has been able to meet increased demand fro...

In their latest short-term outlook, the European Commission (EC) forecast further decline to the EU dairy herd in 2018, but at a slower rate. As of December 2017, there was a 1% decline in the number of dairy cows compared to the period last year, although this was inconsistent across Member States. Of note, in the Netherlands t...

Drought in Argentina has been pushing U.S. soybean prices higher adding to the cost of milk production for U.S. dairy producers. At the same time, milk production has returned with a vengeance in many of the major milk—producing regions of South America, adding to world milk supplies and potentially creating a double hit for U.S. milk produce...

The latest event held by the Global Dairy Trade (GDT) — event 209 — saw another slight decrease of 0.6% for the overall index. Runnning for a total of two hours and 17 minutes, today’s auction saw 123 winning bidders across 16 rounds from a total of 169 participating bidders. An overall figur...