Dairy prices drop at GDT for first time in 2015
Dairy commodity prices fell at GlobalDairyTrade for the first time in 2015, undermined by improved ideas over New Zealand milk production, and lingering concerns over Chinese imports.
China to Increase Scrutiny of New Zealand Milk
China will increase scrutiny of milk powder imports from New Zealand, its quality control regulator has said, after people claiming to be environmental activists threatened to contaminate infant formula made in New Zealand, the top global dairy exporter.
Russian dairy opportunity
Increased Russian imports of dairy products represent a post-quota opportunity for Ireland’s milk processing industry, according to one Bord Bia analyst.
China Notes Increase in Demand and Consumption of Imported Food Products
Authorities have noted an increase in consumption of food and agricultural products from overseas as the General Administration of Customs has reported the rise in import of food products in 2014.
Import competition forces Chinese farmers out of dairy
More than 100,000 Chinese farmers have been exiting dairy annually since 2009, as they struggle to compete with imported milk prices, according to a Bord Bia report.
Domestic dairy producers despair amid import surge
Many farmers are being forced to pour products down the drain, report Wang Zhuoqiong in Beijing and Zhao Ruixue in Jinan.
Dairy farmers in China hit by cheap imports
Dairy farmers in China’s Shandong province have reportedly been putting down their cattle and dumping milk at the start of 2015 after the country saw milk prices plummet in the past year, the Chinese-language Securities Times reports.
China’s hard line on biotech burns US hay
China’s tough new stance on imports of genetically modified crops is shaking up a little-noticed U.S. industry: hay.
Prices for EU dairy products fall up to 28% since Russian ban
Since the announcement of the Russian import ban on August 6, average prices of dairy products have decreased by as much as 28% in the case of skimmed milk powder (SMP).
Tighter Dairy Supplies For Russia in 2015
Russian dairy imports will remain flat next year despite total milk production falling, US Department of Agriculture analysts predict.