When US President Donald Trump launched scathing attacks against
the Canadian Dairy industry last week, the world took notice.
For Byrne Dairy and other producers,
the Canadian dairy industry's trade policies are on top of an existing oversupply of milk.
In early 2017,
the Canadian dairy industry created a new class of milk prices for so - called ultrafiltered milk, which is used to make cheese, yogurt and ice cream.
Clarification: This article has been updated to reflect that
the Canadian dairy industry took certain action related to prices.
Not exact matches
Saputo sees big opportunity there because Brazil's
dairy industry is still very fragmented and, geographically, it's close to Argentina, where the
Canadian company already has a base.
Trump cried foul over a subsequent deal outside of NAFTA that allows
Canadian dairy producers to sell milk proteins to domestic processors at a discount to protect the
industry from imports of cheap U.S. milk ingredients.
Stephen Harper begins a second Pacific Rim trip this month in New Zealand, a natural ally on nearly every topic except for Canada's heavily sheltered
dairy industry, where the small country that's been dubbed the «Saudi Arabia of milk» is hoping regional free - trade talks will pry open
Canadian markets.
The TPP has faced criticism due to the secretive nature of its negotiations, and provisions which
industry experts say will have a negative impact on the
Canadian auto and
dairy industries.
From the
Canadian side, much of the criticism has to do with rising costs in pharmaceuticals, as well as the potential for outsourcing to severely handicap the
dairy and automotive
industries.
Just over half of all
Canadians (56 %) perceive that paying a higher price for
dairy and poultry products is a reasonable trade - off for protecting the
dairy and poultry
industries.
Australia's long neglected and somewhat stagnant
dairy industry is about to enjoy a capital investment bonanza following a successful takeover of Warrnambool Cheese & Butter Factory by
Canadian group Saputo.
Bega Cheese executive chairman Barry Irvin believes a successful $ 533 million takeover by
Canadian dairy giant Saputo of Warrnambool Cheese and Butter Factory will trigger further mergers in the
dairy industry.
Australia's long - neglected and somewhat stagnant
dairy industry is about to enjoy a capital investment bonanza following a successful takeover of Warrnambool Cheese & Butter Factory by
Canadian group Saputo.
The
Canadian group's $ 500 million - plus vote of confidence in the local
industry, combined with the recent favourable conditions in the global
dairy market, is pointing towards an impending surge in investment in Victoria's southwest, one of the country's most productive
dairy regions.
The once - mighty farmer - owned pillar of the Australian
dairy industry, Murray Goulburn, has completed its demise after shareholders voted to sell it to
Canadian dairy superpower, Saputo.
The headlines around the Comprehensive Economic and Trade Agreement have been largely focused on the impact for cheese lovers and the
dairy producers, but there is also some impact for the
Canadian pharmaceutical
industry.
The
Canadian dairy and lumber
industries are just a distraction.