Results from last trading event:
Fears of a catastrophic blow fade as Trans-Pacific Partnership details emerge.
Fonterra has decided to scrap its guaranteed milk price scheme at the end of the 2015/2016 season.
The world’s biggest dairy exporter, Fonterra, says the ambitious Trans Pacific Partnership – a trade deal involving 12 countries – has failed to reach its potential, blaming “entrenched protectionism” from the US.
Cooperatives Working Together (CWT) has accepted 18 requests for export assistance from Dairy Farmers of America, Maryland & Virginia Milk Producers Cooperative, Michigan Milk Producers Association, Northwest Dairy Association (Darigold) and Tillamook County Creamery Association who have contracts to sell 465,175 pounds (949 metric tons) of Cheddar and Gouda cheese, 6.515 million pounds (2,955 metric tons) of butter and 1.041 million pounds (472 metric tons) of whole milk powder to customers in Asia, Europe, the Middle East, North Africa and South America. The product has been contracted for delivery in the period from October 2015 through March 2016.
The Russian ban on dairy imports from a number of Western countries, including Australia, is unlikely to be lifted until at least 2018, according to Dairy Australia managing director Ian Halliday.
Oversupply of China diary industry has reached an extent where farmers are said to be pouring milk down the drain and slaughtering cattle.
Trans-Pacific Partnership trade agreement deal reached Monday morning.
Keith Woodford scratches below the surface of Fonterra’s annual report and finds plenty to worry about.
Is everyone in the cattle business asleep at the switch? Evidently something is going on behind the scenes to cause the recent sharp drop in cattle prices but no one, like NCBA, R-CALF and the like, is really talking about it.