Flash News from Around the World
FAO estimates that this year milk production will be 1.4% higher compared to the previous year.
FrieslandCampina will end powder production at two Dutch plants, Dronrijp and Gerkesklooster as a way to reduce overcapacity.
As one of the Dutch vet claims, the increase of resting time by five hours every 24 might help cows stay in the herd for two additional lactations.
UK co-operative First Milk has announced its milk price will increase by 0.25p per liter from 1 January 2021.
Belarus intends to increase the export of milk powder to Venezuela.
Mexican dairy tycoon Grupo Lala closes its operations in Costa Rica.
Dairy trade between the United States and the Association of Southeast Asian Nations (ASEAN) has seen an impressive growth due to consumer demand for healthier products.
Dairy farmers who once sold milk to Dean Foods received letters threatening legal action unless they refund money earned prior to the bankruptcy filing.
FrieslandCampina Engro Pakistan Limited and the Bank of Punjab (BOP) set up a collaboration to deliver accessible financing to dairy farmers.
Japfa Ltd., a Singapore-based food company, said it will sell an 80% stake in its Indonesian dairy unit to private equity firms TPG and Northstar Group for $236 million.
Fonterra has lifted the bottom end of its forecast farmgate milk price range from $6.30 to $6.70 as the demand from China further increases.
The Eurasian Foods Corporation launched a milk processing plant in the North Kazakhstan region that will process 50,000 tons of milk per year.
AFRICA AND THE MIDDLE EAST
The demand for animal protein sources in Africa is projected to more than quadruple by 2050.
Nestlé has introduced the Skimmelkrans Net Zero Carbon Emissions Project in George, South Africa, whose aim is to create the company’s first carbon-neutral dairy farm.
Prices on the grain market are stabilizing but still remain quite expensive.
UK dairy company, Applewood says that 74% Of People Will Be ‘Looking At’ Buying Vegan Cheese This Christmas. This claim comes from a survey conducted by the company.
Nestlé plans to invest 3.2 billion Swiss francs ($3.6 billion) over the next five years as part of its long-term goal to cut in half its emissions by 2030 and reach net-zero emissions by 2050.
Singapore has allowed the sale of lab-grown meat as the first country in the world to do so.
From December 6, all hospitals in the U.S state of New York must make a vegan option available in every meal they serve under the new bill.