Reading Time: 2 minutes The dairy sector seems set to stabilize in 2024 amidst high processor demand and leveling-off input costs, Farm Credit Canada says.
Dairy sector set to stabilize in 2024: FCC
Feed prices, butter stocks, retail demand and inflation top trends to watch
U.S. now seeking end to supply management in NAFTA talks
Reading Time: < 1 minute Arlington, Va. | Reuters — U.S. negotiators at talks to update the North American Free Trade Agreement want Canada to dismantle its system of protections for the dairy and poultry sectors — a move Ottawa will reject, a source briefed on the matter said on Monday. The proposal is the latest in a string of […] Read more
Top U.S. NAFTA negotiator sees no problem with pace of talks
Reading Time: 2 minutes Ottawa | Reuters — The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the U.S., Mexico and Canada are in Ottawa for the third of […] Read more
Dairy sector still working toward ingredients strategy
Reading Time: 2 minutes The Canadian dairy industry has missed a self-imposed deadline for the Feb. 1 implementation of a national ingredients strategy — but work continues toward that implementation. The strategy is meant to create a lower-priced class of milk, Class 7, to encourage the use of skim milk powder in further-processed ingredients. Ontario has already independently implemented […] Read more
TPP study sees net ‘neutral’ effect on dairy sector
Reading Time: 4 minutes An economic impact study on Canada’s participation in a Trans-Pacific Partnership (TPP) trade deal finds losses in Canada’s dairy sector would be “offset” by gains for dairy processors from cheaper dairy imports. The study, prepared for the federal government by its Office of the Chief Economist and released Friday, notes Canada has offered expanded access […] Read more
Danone sales rise as dairy product demand revives
Reading Time: 2 minutes Paris | Reuters — Danone on Tuesday reported stronger than expected first-quarter sales and said it was on track to deliver higher sales and profits this year despite challenging conditions in Brazil and Russia. The world’s largest yogurt maker, whose brands include Actimel and Activia, reported a 3.5 per cent increase in first-quarter like-for-like revenue, […] Read more
VanRaes: TPP deal seen shrinking supply-managed markets
Reading Time: 4 minutes CORRECTION, Oct. 7: Canada’s supply managed sectors can expect to lose $4.3 billion to foreign interests in the 15 years following the implementation of the Trans-Pacific Partnership. After years of negotiations, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam reached an agreement Monday morning, which includes granting access […] Read more
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