Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: Inflation is forcing European consumers to move away from cheese.
The Good Food Institute Europe 2023 report further confirms this trend, noting a 21% increase in plant-based “cheese” sales from 2020 to 2022. This shift may prompt European cheesemakers to explore new markets.
Later in the year, dairy industry analysts at Kite found the sector to be facing a “perfect storm of weak demand caused by inflationary price increases.” Dairy has been caught up in the inflation wave that has hit Europe since mid-2021, with prices for shoppers rising along with most other food items.
It means experts are predicting dairy producers will look to China for sales in the coming years as cheese consumption flatlines in established markets.
And although domestic Chinese cheese production is rising, it is not likely to be enough to meet local demand, Rabobank predicted, meaning dairy-exporting powerhouses such as New Zealand, the U.S., the Netherlands and Ireland could have an opening.
Meat processor Alliance Group's cash-strapped farmer shareholders face a dilemma - either pour more money into the co-operative or risk losing 100% ownership and control.
Farmer-led charity, Meat the Need is calling for donations to enable it to supply more meals to families in need.
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.