RECENT NEWS
newratings.com  Aug 18  Comment 
CANBERA (dpa-AFX) - The New Zealand dollar strengthened against the other major currencies in the Asian session on Tuesday following the news of Russia partly lifting a a ban on New Zealand's dairy products. Russia has now decided to allow...
USDA NASS  Aug 4  Comment 
Total cheese output (excluding cottage cheese) was 959 million pounds, 1.5 percent above June 2014 but 3.1 percent below May 2015....
Reuters  Jul 31  Comment 
Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with New Zealand digging in over trade in dairy products and ministers tussling over monopoly periods for...
The Hindu Business Line  Jul 26  Comment 
Hatsun Agro Products Ltd, the largest private sector dairy company with a clutch of top brands including Arokya milk, Arun Icecreams and Hatsun dairy products in its fold, has seen its net quad...
USDA NASS  Jul 2  Comment 
Total cheese output (excluding cottage cheese) was 989 million pounds, 1.8 percent above May 2014 and 1.9 percent above April 2015...
USDA NASS  Jun 3  Comment 
Total cheese output (excluding cottage cheese) was 979 million pounds, 1.9 percent above April 2014 but 1.7 percent below March 2015....
newratings.com  May 15  Comment 
BRUSSELS (dpa-AFX) - The New Zealand dollar weakened against the other major currencies in the Asian session on Friday, following the nation's biggest dairy company Fonterra revising down its supply forecast. Auckland-based Fonterra...
The Hindu Business Line  May 14  Comment 
GCMMF sees lobbying by dairy exporting nations to dump their surplus dairy stocks in India
USDA NASS  May 5  Comment 
Total cheese output (excluding cottage cheese) was 987 million pounds, 1.8 percent above March 2014 and 11.3 percent above February 2015...
USDA NASS  Apr 29  Comment 
Total cheese production, excluding cottage cheeses, was 11.5 billion pounds, 3.1 percent above 2013 production....




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In the US, dairy has a farm value of production that makes it second only to beef. Despite increasing efficiency of production, domestic dairy demand has remained so high that US dairy farmers have found little incentive to export abroad. Significant export activity is limited to powdered milk and cheese to Mexico. But as seen in Chart 1, the US imports large quantities of dairy products, especially relatively expensive cheese products from the European Union.

Dairy prices are historically relatively stable. However, even small fluctuations in price can have a big effect on related companies. The USDA projects that a slight increase in the number of milk-producing cows and increasing milk production efficiency will result in a continued drop in domestic dairy prices.

The USDA forecasted the 2007 all milk price 10 cents higher than the earlier $19.05 prediction to $19.15. In 2008, the all milk price forecast is increased from $18.00 to $18.80. The minimum price of raw milk is regulated in most parts of the country by the government at $9.90, but ever since Cooperatives Working Together (CWT), a dairy farmers group, put into place initiatives in 2002 to control milk supply by retiring herds, milk price have shot up and have remained around $14.

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