Latest data from the US Department of Agriculture (USDA) suggests Chinese dairy imports will remain sluggish in 2015. In its latest outlook for dairy markets in 2015, it has foretasted for Chinese imports of WMP to decline by 12% as China’s economic GDP growth is expected to slow from a projected rate of 7.4% this year to 6.5% in 2015..Read more
India - India’s wholesale price inflation is now close to zero, but don’t tell that to millions of parents who face relentlessly rising prices for milk—a great weapon against malnutrition—for their children every day. There has been a rise of 10% in inflation rate in milk on a year-on-year basis..Read more
EU - Thirty years after introducing quotas to combat the butter mountain caused by overproduction, the EU is on the cusp of freeing up the dairy sector amid growing global demand for milk products. To see it doesn't all go sour for producers, Euronext recently announced plans to create futures contracts for several products..Read more
New Zealand - WELLINGTON, Dec 10 (Reuters) - New Zealand's Fonterra dairy co-operative cut the price it expects to pay farmers for milk to an eight-year low on Wednesday, responding to tumbling global dairy prices as production soars and buying from China and Russia falls..Read more
New Zealand - WELLINGTON, Dec 10 (Reuters) - New Zealand's Fonterra dairy co-operative cut the price it expects to pay farmers for milk to an eight-year low on Wednesday, responding to tumbling global dairy prices as production soars and buying from China and Russia falls..Read more
