Flatulent cows: California dairy industry launches defense
Cow dung and cow stomach gas: not just smelly, but also politically loaded. BY JEREMY B. WHITE
No Milk and No Roses: Swedish Dairy Farmers Crushed by Sanctions
Like its Nordic cousins, Sweden has traditionally prided itself on its green and ecologically clean pastures, but its dairy industry has long been in an downward spiral. The crisis was aggravated by the EU’s anti-Russian sanctions, with one dairy farm closing down every day for the past two months on average.
Rabobank urges caution on milk market bounce
International dairy prices have turned a corner, but market experts warn that the sector «still has a ways to go before sustainable price increases» will be seen at farm level. By Darragh McCullough
Rabobank pide prudencia ante rebote de precios en el mercado de lácteos
Si bien los precios internacionales de productos lácteos han dado un vuelco, los expertos advierten que el mercado “todavía tiene mucho camino por recorrer antes de que los aumentos de precios sean sostenibles” y puedan trasladarse a los productores.
ASB posts record profit, despite $130m impaired loans
ASB has posted a record profit of $913 million despite the struggling dairy farmers hurting its loans. By JOHN ANTHONY
Dairy indicators take a positive turn
Dairy futures trading over the last few two days suggests physical prices could be in for another big jump at next Wednesday’s bi-monthly GlobalDairyTrade auction. By Jamie Gray
Chinese infant formula firm Synutra cuts FY profit forecast
Synutra, the Chinese, US-listed infant formula producer, has lowered its forecast for annual profits amid a delay to a project in France, weak global raw-milk prices and the impact of exchange rates.
Victoria State Offers More Support for Dairy Farmers
The government of Victoria state has announced further support for dairy farmers with $6.7 million of new programmes to help them get through the dairy crisis and improve the long term resilience of dairy farm businesses.
Indonesia: Dairy firm Ultrajaya raises $60m via private placement
Beverage producer PT Ultrajaya Milk Industry Trading Company Tbk (ULTJ) has sold 197 million shares at Rp 4,000 ($0.30) apiece in a private placement raising $60 million. The transaction was led by American broker Decker & Co and Indonesia’s SucorInvest. By Antonia Timmerman.
Dairy farmer turned miner hopes to find gold in Te Waikoropupu valley
A fourth generation Takaka dairy farmer has been issued a permit to mine an area in Te Waikoropupu valley in Golden Bay. By NINA HINDMARSH