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Govt taken to task over dairy export rejects

Wednesday, 11 February 2015 16:24 Published in News & Updates

New Zealand - Labour's food safety and primary industry spokesperson is critical of the way the Government has shrugged off the high rejection rate for dairy products sent to China. A Chinese consumer website said New Zealand topped a list of countries that had their milk products rejected by China in the past year..Read more

No record milk prices in 2015

Monday, 09 February 2015 09:49 Published in News & Updates

USA - FREEPORT, Ill. — Dairymen should prepare for lower milk prices this year compared to prices they received in 2014. “We saw a record high milk price in 2014 at $26.30 per hundredweight,” reported John Newton, agricultural economist at the University of Illinois. “But this year is not looking so great..Read more

China FTA: Not Right, Not Yet

Tuesday, 03 February 2015 15:15 Published in News & Updates

China - On the surface, the China/Australia Free Trade Agreement (FTA) might seem like a holy grail for Australian producers trying to find an avenue into China. Overall, however, the FTA has the most immediate impact on Australian commodities such as dairy, beef, wine, seafood and processed foods..Read more

Fonterra aims to raise milk prices by issuing supply reduction news

Tuesday, 03 February 2015 15:11 Published in News & Updates

New Zealand's Fonterra Co-operative Group announced Jan. 29 that it plans to reduce the quantity of milk it will offer for the 2014-15 season as the country is teetering on the edge of a drought. A Chinese expert said the move could be deemed as an attempt by the company to boost consumer interest and raise prices of raw milk..Read more

Synlait urges caution on ideas of dairy price rebound

Tuesday, 03 February 2015 15:05 Published in News & Updates

New Zealand - Synlait cast doubt on ideas of a strong revival in dairy prices, saying that a surge in Chinese milk production, besides high inventories, were behind the modest demand from the key importing country. New Zealand-based Synlait forecast a "modest recovery of prices in the short term" for whole milk powder,..Read more