News & Analysis on the Dairy Industry & Markets
The Canadian government has announced the launch of the Supply Management Processing Investment Fund, worth C$292.5m (US$229.3m), to help processors of supply-managed commodities increase their competitiveness and resilience in the face of evolving markets.
During a panel of climate experts, farmers, and food brands at Natural Products Expo West, US dairy company Organic Valley announced the launch of a program to reach carbon neutrality through a new carbon insetting program.
At €5.61bn ($6.16bn), sales of the Savencia Fromage & Dairy Group for 2021 grew by 8.7%.
Recent analysis by Kite Consulting in the UK shows dairy farm costs of production will continue to rise considerably in the coming months, with break-even milk prices likely to exceed 40 pence per liter (52 cents) later this year.
The president of the Irish Creamery Milk Suppliers Association (ICMSA) said “there are no circumstances” in which ICMSA will agree to a cap on the volumes of milk produced in Ireland.