Latest news with #dairycompanies
ABC News
02-06-2025
- Business
- ABC News
Dairy farmers disappointed with new farm gate prices as drought, floods add financial pressure
Dairy farmers have been disappointed by the farm gate milk prices announced for the next financial year as they continue to struggle with drought and floods. Dairy companies have revealed their opening milk prices, a month before the start of the financial year, as required under the mandatory milk pricing code. This year's milk prices are up slightly on last year, ranging from $8.60 to $9.20 per kilogram of milk solids. But they are lower than what farmers were hoping for. The dairy heartlands of Victoria, South Australia and Tasmania are in the grips of drought, while many farms in New South Wales and Queensland are recovering from floods. "This is not a normal year," Colac dairy farmer and Dairy Farmers Victoria president Mark Billing said. "The climate challenges we are seeing right across Victoria, coupled with extraordinary cost increases on farm, mean that farmers are carrying unprecedented levels of financial and emotional strain." He said companies risked the rapid decline of Australia's milk production if they did not increase prices to help dairy farmers through the tough times. "Milk processors have repeatedly said they value their suppliers," Mr Billing said. The majority of farmers are paid for the level of fat and protein in their milk, known as milk solids. Many were hoping to be paid at least $9.20 to $9.50 per kilogram of milk solids, which equated to about 70 cents per litre. Mr Billing said the prices under $9.20 on offer from the dairy companies were not enough for farmers to get by. United Dairyfarmers of Victoria president Bernie Free agreed. "It's pretty disappointing, really," he said. He said some farmers would quit the industry if milk prices did not go up soon. "I think it's a concern that farmers may move out of the industry at this price mark, especially in [drought-affected] western Victoria," he said. "Gippsland is not far behind us, and there are pockets in north-east Victoria that are doing it pretty tough. Dairy Australia's latest outlook shows the national milk pool is on track to drop 1 per cent this financial year, compared to the previous one. It has also forecast a further drop in production of up to 2 per cent in 2025/26. If that happened, milk production would sit around 8.24 billion litres, almost 3 billion less than the industry's peak in the early 2000s. Dairy Australia analysis and insights manager, Eliza Redfern, said ongoing challenges with the weather were affecting production. "We are also seeing a lower appetite for farm business growth, and we do expect some farm exits to continue within the new season," she said. Fonterra Oceania was the first milk company to announce its opening milk price for the next season, with one of the lowest prices — an average of $8.60 per kilo of milk solids. Its director of farm source and sustainability, Matt Watt, said while it was higher than last year's opening price, he understood farmers would like more. "What we've got to do is make sure we're running a business that is here, not only this year, but for years to come," he said. "That's our job, frankly, to make sure that we're continuing to make decisions that support paying a milk price that we're earning in the market. "Sometimes that is a milk price that farmers appreciate and enjoy, and other times it takes a bit of time."
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Dairy Testing Market Growth Accelerates with 8.3% CAGR: Key Drivers and Regional Outlook
"MarketsandMarkets™" Dairy Testing Market by Test Type (Safety Testing and Quality Testing), Product Type (Milk & Milk Powder, Cheese, Butter & Spreads, Infant Foods, Ice-creams & Desserts, Yogurt), Technology (Traditional, Rapid), and Region - Global Forecast 2030 The global dairy testing market is expected to grow from USD 7.42 billion in 2025 to USD 11.05 billion by 2030, registering a compound annual growth rate (CAGR) of 8.3% during the forecast period. This growth is primarily driven by rising consumer awareness and the implementation of more stringent safety regulations. These factors are fueling demand not only for testing services but also for testing kits and related food safety solutions within the dairy sector. Additionally, advancements in technology—such as the adoption of rapid testing instruments and automation—are enhancing efficiency and making dairy processing facilities more commercially sustainable. What is dairy testing? Dairy testing encompasses a variety of analytical methods used to assess the safety, quality, composition, and authenticity of dairy products. It involves detecting contaminants such as pathogens, antibiotics, pesticides, adulterants, and toxins, as well as measuring nutritional content like fat, protein, lactose, and minerals. Dairy Testing Market Drivers Food Safety Regulations: Governments worldwide are tightening regulations on dairy products, making compliance mandatory. Testing labs and dairy companies must keep pace with evolving standards to avoid recalls and protect public health. Rising Consumer Awareness: Today's consumers are more health-conscious and skeptical of food quality. Transparency in product sourcing and testing builds trust and brand loyalty. Technological Advancements: Innovations such as rapid on-site testing kits, biosensors, and advanced chromatographic methods allow faster, more accurate, and cost-effective testing. Expansion of Dairy Products: With diversification into flavored milk, cheese, yogurt, and plant-based alternatives, the need for specialized testing grows. Dairy Testing Market Trends Automation and AI Integration: Automation of testing processes combined with AI-driven data analytics is improving precision and operational efficiency. Portable and On-Site Testing: Development of portable devices enables real-time testing directly at dairy farms or production sites. Focus on Organic and Specialty Products: Increased testing for organic certification and specialty product claims like lactose-free or A2 milk. Blockchain for Traceability: Combining testing data with blockchain technology to enhance transparency and traceability across the supply chain. Growth Outlook by Product Type: Milk & Milk Powder Segment to Lead with Highest CAGR The milk and milk powder segment are projected to register the highest compound annual growth rate (CAGR) during the forecast period. Several factors contribute to this segment's stronghold in the dairy testing market. Globally, rising disposable incomes, population growth, and the widespread use of milk powder in areas with limited access to fresh milk are driving increased consumption. This surge in demand necessitates comprehensive testing to ensure product safety and quality. Heightened consumer awareness about health and safety is fueling the need for stringent food quality controls. In parallel, advancements in dairy testing technologies—such as faster, more precise detection methods for pathogens, allergens, and quality indicators—are enhancing testing efficiency. These developments further reinforce the dominance of the milk and milk powder segment within the market. According to the Food and Agriculture Organization (FAO), over 6 billion people worldwide consume milk and milk products, with a large proportion residing in developing nations. This vast consumer base significantly propels the growth of the milk and milk powder segment in the dairy market. Collectively, these factors support robust expansion for this segment throughout the study period. Download PDF Brochure: Growth Outlook by Test Type: Safety Testing Segment to Exhibit Highest CAGR Among test types, the safety testing segment is expected to experience the highest CAGR during the forecast period. This growth is driven by rising health concerns, stringent regulatory frameworks, and innovations in testing technologies. In developing countries, where populations and income levels are increasing, ensuring the safety of dairy products is critical to meet escalating demand. Dairy products—including milk, cheese, and milk powder—are vulnerable to contamination from harmful pathogens such as Salmonella, E. coli, and Listeria, as well as chemical residues from antibiotics, pesticides, and heavy metals. These hazards pose significant risks to human health, making rigorous safety testing essential to protect consumers. Globally, food regulatory bodies like the U.S. FDA, the European Food Safety Authority (EFSA), and Codex Alimentarius have strengthened safety standards to safeguard consumers. These regulations mandate regular testing of dairy products to detect harmful substances and ensure they remain within safe limits before market release. Moreover, the increasing globalization of dairy trade, particularly exports from developing to developed countries, compels manufacturers to comply with international safety standards to maintain market access. Asia Pacific Market Set for Rapid Expansion from 2025 to 2030 The Asia Pacific region is expected to witness significant growth in the global dairy testing market between 2025 and 2030. This surge is fueled by factors such as rapid population increase, accelerated urbanization, rising disposable incomes, and the growth of the middle class. In countries like China, India, and those in Southeast Asia, the shift toward Western dietary patterns is driving a sharp rise in dairy consumption. Alongside this growing demand, there is an increasing emphasis on food safety, hygiene, and quality, which in turn boosts the need for comprehensive dairy testing. Additionally, milk powder remains a staple in many developing economies due to its long shelf life and convenient storage, heightening the demand for rigorous safety testing given the higher risks of contamination during transportation and storage. Leading Dairy Testing Companies: The report profiles key players such as SGS Institut Fresenius (Germany), Bureau Veritas (France), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), TÜV SÜD (Germany), TÜV NORD GROUP (Germany), ALS Limited (Australia), AsureQuality (New Zealand), Mérieux NutriSciences Corporation (US), Romer Labs Division Holding (Austria). Request Sample Pages: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
Zawya
14-05-2025
- Business
- Zawya
Kuwait dairy farms hit by foot-and-mouth outbreak, milk prices surge
KUWAIT CITY - A recent outbreak of foot-and-mouth disease in several local dairy farms has triggered a sharp rise in fresh milk prices, with some companies reporting increases of nearly 40 percent. These companies have approached the Ministry of Commerce and Industry, urging immediate intervention to mitigate the impact on the sector. According to informed sources, the Ministry has received formal reports from affected dairy companies indicating a 30 to 40 percent spike in operational costs. The outbreak has led to a significant drop in local milk production, estimated between 20 to 30 percent, which has created a gap between supply and demand, exerting financial pressure on suppliers. The sources explained that this imbalance is also affecting milk distributed through the government's ration card system. In response, companies have proposed financial compensation to offset the losses incurred due to rising production costs and falling sales margins. However, Minister of Commerce Khalifa Al-Ajeel has emphasized that any measures to address the issue must not involve increasing the retail price of fresh milk, either in the market or through government supply channels. He noted that the current crisis is temporary and does not warrant a permanent adjustment in consumer pricing. Officials from the Ministry are reportedly in ongoing discussions with major milk suppliers to assess the financial impact of the disease outbreak. The goal is to develop a fiscal solution that relieves pressure on suppliers without burdening consumers with higher prices. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. ( arabtimes
