Reading Time: 7 minutes India is the world’s largest dairy producer, thanks to the “White Revolution” that it launched shortly after the country’s independence in 1947, when it first gave itself the goal of replacing dairy imports and promoting self-sufficiency. Now, the country has embarked on a White Revolution 2.0 that will keep its borders closed to imports of […] Read more
White Revolution 2.0
While Canada and the U.S. clash over NAFTA, Cargill, Nestlé and other global dairy giants are pumping their money into India
China busts gang selling expired dairy products
Reading Time: < 1 minute Shanghai/Wellington | Reuters — Chinese police have arrested 19 people for repackaging and selling expired dairy products originally from New Zealand giant Fonterra Co-Operative Group, a Shanghai regulator said on Monday, the latest food scare to hit the country. The bust, which initially took place in March, uncovered the gang who had cut 276 tons […] Read more
Australia competition watchdog to widen dairy investigation
Reading Time: < 1 minute Sydney | Reuters — Australia’s competition watchdog will launch a broad investigation into the country’s dairy industry, the country’s deputy prime minister Barnaby Joyce said on Thursday. The investigation comes after Australia’s largest dairy processor Murray Goulburn and New Zealand’s Fonterra Co-operative Group in April reduced their farm gate prices, or what they pay farmers […] Read more
New Zealand farm firm bans use of palm in feed
Reading Time: < 1 minute Wellington | Reuters — New Zealand farm company Landcorp said Monday it would ban its farmers from using palm kernel expeller (PKE), a feed supplement used for cows that environmentalists have linked to rainforest destruction. The state-owned company, which runs 140 farms, said it would end the use of the feed by June 2017 to […] Read more
Taking control of their dairy future
For this young couple, the future means a multi-pronged business strategy, with cost control, diversification and a focus on efficiency
Reading Time: 5 minutes Just as the Trans-Pacific Partnership agreement was being signed last fall, Cam and Stephanie Murphy were signing a very different sort of partnership agreement. They were becoming part owners of a 45-cow dairy farm near Hastings, two hours east of Toronto. Together with Stephanie’s parents, Dean and Carol Warner, they took on a seven-figure debt […] Read more
International dairy prices, volumes fall at auction
Reading Time: 2 minutes Wellington | Reuters –– International dairy prices fell overnight at the fortnightly GlobalDairyTrade auction, despite market expectations that prices might rise. Fonterra’s GlobalDairyTrade Price Index dipped 2.9 per cent, with an average selling price of $2,190 per tonne, in the auction held on Tuesday (all figures US$). A total of 20,406 tonnes was sold at […] Read more
Global dairy prices unexpectedly fall in overnight auction
Reading Time: 2 minutes Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index dipped 1.6 per cent, with an average selling price of $2,458 per tonne, in the auction held Tuesday (all figures US$). Whole milk […] Read more
Fonterra cuts dairy jobs as ‘white gold’ rush fizzles
Reading Time: 3 minutes Wellington | Reuters — New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from No. 1 buyer China, threatens to snuff out the country’s “white gold” rush. Dairy prices have more than halved from record highs scaled in 2013, […] Read more
Global dairy demand seen picking up only slightly
Reading Time: 2 minutes Wellington | Reuters –– Global dairy prices are expected to pick up only slightly over the next 12 months, New Zealand dairy co-operative Fonterra, the world’s largest dairy exporter, said Thursday. Fonterra said the subdued outlook amid sluggish demand would likely slow the pace of New Zealand dairy output growth, and kept its forecast payout […] Read more
A message from April Stewart, Country Guide's Associate Editor
