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There have been some interesting shifts in the global trade of dairy products that aren't apparent on the surface. Chinese milk-equivalent import growth slowed from 13% in the first quarter of 2019 to an estimated 1.7% in the second quarter.
When it comes to monikers for dairy cooperatives, Michigan Milk Producers Association (MMPA) is something of a misnomer. The name somewhat belies the fact that the Novi, Mich.-based operation serves nearly 1,600 dairy farmer-owners residing not only in Michigan, but also in Indiana, Ohio and Wisconsin.
Yet again, European Union (EU) intervention stocks of skim milk powder (SMP) have effectively been drawn down to zero. When this happened in 2007, EU and U.S. prices ran up to new record highs.
An industry group is at work to fix a broken milk powder price-discovery process that is resulting in damaging volatility, lost competitiveness and eroding global market share.
An industry group is at work to fix a broken milk powder price-discovery process that is resulting in damaging volatility, lost competitiveness and eroding global market share.
In the last three years, China has become the world’s largest single dairy importer by far. The nation purchases more than twice as much as runner-up Russia.