Concerns that the Canadian Dairy Commission could be caught short at its board table have been resolved with a new appointment to a vacant commissioner’s chair. Federal Agriculture Minister Marie-Claude Bibeau on Sept. 27 announced Shikha Jain will be the CDC’s commissioner for a four-year term effective Sept. 15. Jain, who lives at Guelph, is […] Read more
Dairy commission fills board vacancy
Green tech CEO named to commissioner spot on CDC board
New CEO named for Canadian Dairy Commission
The Canadian Dairy Commission has hired from within for its new chief executive. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced Benoit Basillais, the CDC’s director of policy and economics, became the Crown corporation’s new CEO effective Monday. Basillais replaces Serge Riendeau, the dairy producer and former Agropur Co-operative president who’s been the CDC’s chief […] Read more
Restaurants call foul as dairy farmers get a second pay hike this year
World dairy prices are crashing but Alberta Milk chair says the latest increase is modest and won’t hurt restaurant chains
Reading Time: 3 minutes Even though world dairy prices are at historic lows, Canadian dairy farmers will be getting a boost of 2.76 per cent for industrial milk — used to make butter, ice cream, yogurt, and cheese — starting Sept. 1. It comes on the heels of a 2.2 per cent price hike in February. “The industrial price […] Read more
International dairy prices, volumes fall at auction
Wellington | Reuters –– International dairy prices fell overnight at the fortnightly GlobalDairyTrade auction, despite market expectations that prices might rise. Fonterra’s GlobalDairyTrade Price Index dipped 2.9 per cent, with an average selling price of $2,190 per tonne, in the auction held on Tuesday (all figures US$). A total of 20,406 tonnes was sold at […] Read more
Arla CEO says world dairy market in crisis
Copenhagen | Reuters –– Arla Foods, one of Europe’s biggest dairy companies, said on Wednesday the global milk market was in crisis due to oversupply, but it expected demand, particularly from China, to pick up at the end of the year. Headquartered in Denmark, Arla is Britain’s largest and the world’s seventh-largest dairy company. It […] Read more
EU dairy farmers get rude awakening in post-quota market
Paris | Reuters — European dairy farmers caught out by a global market decline as they emerge from a 30-year-old quota system may have little choice but to produce at full pelt, hoping for a recovery in international prices next year. Milk prices paid to EU farmers are down 20 per cent from last year […] Read more
U.K. grocers Morrisons, Aldi give ground in milk dispute
London | Reuters — British supermarkets Morrisons and Aldi responded on Friday to pressure from financially strapped dairy farmers by raising the price they pay milk suppliers. U.K. farmers have warned they face financial ruin, with falls in the price of milk forcing many out of work and spurring others to blockade distribution centres and […] Read more
Fonterra cuts dairy jobs as ‘white gold’ rush fizzles
Wellington | Reuters — New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from No. 1 buyer China, threatens to snuff out the country’s “white gold” rush. Dairy prices have more than halved from record highs scaled in 2013, […] Read more
Global dairy demand seen picking up only slightly
Wellington | Reuters –– Global dairy prices are expected to pick up only slightly over the next 12 months, New Zealand dairy co-operative Fonterra, the world’s largest dairy exporter, said Thursday. Fonterra said the subdued outlook amid sluggish demand would likely slow the pace of New Zealand dairy output growth, and kept its forecast payout […] Read more
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