RECENT NEWS
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....
The Economic Times  Apr 14  Comment 
Besides demanding significant duty cuts in automobiles, the EU wants tax reduction in wines, spirits and dairy products, and a strong intellectual property regime.
The Economic Times  Apr 5  Comment 
The Ministry "would take appropriate steps" to encourage export of dairy products after deliberating recommendations of the paper.
USDA NASS  Apr 2  Comment 
Total cheese output (excluding cottage cheese) was 884 million pounds, 3.9 percent above February 2014 but 9.5 percent below January 2015...
The Economic Times  Mar 24  Comment 
In the wake of western countries imposing trade sanctions on Russia after the Ukraine crisis, dairy products exporters see a huge potential in Russia.
Wall Street Journal  Mar 12  Comment 
France’s competition authority has imposed one of the highest fines in its history on 11 companies for fixing prices on private-label dairy products.
USDA NASS  Mar 4  Comment 
Total cheese output (excluding cottage cheese) was 980 million pounds, 2.8 percent above January 2014 but 1.9 percent below December 2014...




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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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