Slowing economic growth in New Zealand's top export market, China, and a global oversupply of milk products have
seen dairy prices plummet after reaching record highs in 2013.
Not exact matches
While we wait to
see how much Newfoundland is able to extract, note that Ottawa offered two other similarly vague compensation deals to get CETA through: One on drug
prices, tied to a lengthening of patent protection, and another to the
dairy industry as protection against an increase in duty - free European cheese.
After all, there is a lot at stake financially (
see «
Dairy prices go up again «-RRB-.
We've
seen how supply management for
dairy, poultry and eggs hurts a) consumers through artificially high
prices; b) food processors (and the jobs they could be creating in Canada) because of their inability to compete internationally; c) exporters of all kinds looking for more international trade access, but which Canada is denied because of supply management; d) the majority of Canadian farmers (over 90 per cent)-- those who grow and produce beef, pork, grains, oilseeds, pulses, and who are not supply managed — who would also benefit from more international trade access; and finally e) most ironically,
dairy farmers themselves, also prevented from exploiting international growth opportunities.
Of particular note,
prices of food such as egg,
dairy and beef have
seen sharp declines in recent months.
«Against this depressing background, at the least, consumers will likely
see further reductions in fuel
prices and an acceleration of cuts in retail
dairy prices,» Rabobank added.
Despite a flurry of milk
price rise announcements from processors this week (
see table below), many
dairy farmers still face a gap between cost of production and farmgate milk
price.
If the milk
price cuts imposed by Glanbia, Kerry and Lakeland this week are replicated by other processors, the average
dairy farm will
see $ 6,000 wiped off its yearly income.
«We want to
see increased use and uptake of innovative, new tools that help balance the
price risk between farmer, processor and end user — and
dairy futures could be one answer.»
Both experts said California
dairy producers could
see milk
prices rise slightly under federal regulation.
«To be fair, the EU has handled it well, put a
price on it and held that
price, they haven't dropped it and put further pressure on
dairy markets,» he said, noting that the EU as a whole and the UK was showing very strong signs of milk supply, while the effect of the Dutch cull remained to be
seen.
Irish
dairy and ingredients group Kerry has turned in a» solid» first half of 2011 that
saw it increase volumes, weather raw material
price hikes, and
see success in a «go - to - market» functional ingredient strategy as profits jumped 6.1 % on 2010 figures.
According to the Wall Street Journal, New Zealand
dairy farmers are facing the lowest pay
prices they have
seen in 13 years.
December 2007 also
saw a number of UK - based retailers and
dairy processors admitting involvement in alleged
dairy price fixing for powdered milk, butter and cheese, resulting in combined fines of about # 116m ($ 161m) from the country's own regulator.
As
prices began to recover in the latter half of 2016,
dairy production has
seen an increase across the world's biggest producers.
«It is very pleasing to
see however the latest Fonterra milk
price at $ 6 which is 14 per cent up this period and at $ 6 basically the
dairy farms are above their break - even point so we do expect to
see less stress in
dairy going forward.»
Lower
dairy prices for struggling farmers have
seen impaired loans in the Commonwealth Bank of Australia's $ 21 billion agricultural portfolio jump 36 per cent in the six months to December.
In spite of low farmgate
prices for milk, the Irish
dairy industry — with its 18,000
dairy farmers — is
seen as a world leader, thanks in part to its Origin Green program.
The aggressive and hyperactive takeover battle for WCB has
seen the small
dairy company's share
price rocket from around $ 4 to close to $ 10 in only a few short months, with Lion keen to protect its sizeable National Foods business that owns a portfolio of well know cheeses and milk.
Last week
saw a string of communications about food
price rises: first warnings were aired about wheat, then meat, then
dairy.
«We are definitely
seeing more interest from both institutional and private investors in
dairy due to the depreciating Australian dollar, the attractive free - trade agreement and some favourable
pricing,» said Darren Craike from Bell Potter Securities.
Because industrial agriculture was on the rise and milk
prices were unrealistically low to sustain family farming, Straus
saw an exciting opportunity — Create an organic marketplace; one which reflected the true costs of production and promoted responsible land stewardship, offering a viable, principled, sustainable business model for small
dairy farms.
Dairy farmers in Upstate New York would benefit from an investment of more than $ 1 billion into a safety net program for family farmers who have
seen prices drop by one - third or more since 2014, Schumer said.
Unlike the people who think that we should eat only what our Paleolithic ancestors ate (meat, vegetables, fruit, nuts, tubers) because that is what we are genetically adapted to eat, people who follow the teachings of Weston A.
Price (
see May 20, 2010 post) look to our more recent ancestors and what they ate prior to the introduction of industrial foods in the 1800s, i.e. paleo foods plus
dairy products and properly prepared grain products.
Meat
prices, which rose five per cent last year, are expected to increase up to another 4.5 per cent in 2016; fish and seafood could rise by up to three per cent; and
dairy, eggs and grains could
see a two per cent increase.
And since Irish (& European)
dairy farmers haven't a bull's notion about competing in terms of actual international milk costs &
prices,
seeing nearly every
dairy farmer ploughing money into bigger herds, farms, new milking parlours, etc. was actually pretty terrifying.
Charlebois, who is currently working on the annual food
price report in conjunction with the University of Guelph's Food Institute, said meat and produce have
seen large shifts in
price, while
dairy has
seen more fluctuation than usual as well.