Nui Markets

We develop digital trading solution platforms and online marketplaces for agri-food and ingredient trading. We are Nui. #nuimarkets #digitaltradingsolutions

[Ronald K. OBrien II @rko2milk]

“China is moving very quickly, attracting some great brands there. That competition for top talent had never been stronger and so finding ways to attract the best people to your company and work for you is one of the big challenges.”

One of the biggest “evolutions” in the market is e-commerce, with 40% of Zespri’s fruit in China now delivered directly to the consumer. https://t.co/7H7K9V0rRO

[Nui Markets @Nuimarkets]

The 2024 US milk production forecast has been reduced from last month, due to lower dairy cow inventories and slower growth in milk per cow. Read more in the USDA report here: https://t.co/esROq3Aq73

#dairy #milk #dairyindustry #nuimarkets

[Ronald K. OBrien II @rko2milk]

Summer heat has set in across most of the country with high temperatures causing contraction in milk supplies. The drop will likely by accelerated further by low milk prices. Class III markets continue to fall with the JUL23 contract settling below $14/cwt. on Thursday and Friday. Class IV also softened during the week with AUG23 through DEC23 contracts settling today at $17.75/cwt. or below. Lower milk prices are resulting in dismal margins. USDA announced last week that the income over feed cost calculated in May as part of the Dairy Margin Coverage program fell to $4.83/cwt., the lowest figure seen since the creation of the program https://t.co/4QzBYoGpaI

[Ronald K. OBrien II @rko2milk]

EU geographical indications to be protected under New Zealand FTA
The deal will also shield “EU producers of sensitive agricultural products”, such as dairy and beef, from competition, the commission said.

Zero or lower tariffs will be “limited” for New Zealand importers of dairy products, beef and sheep meat, ethanol and sweetcorn. For these sectors, producers will be restricted by so-called tariff rate quotas.

https://t.co/hauluGwq6E

[Ronald K. OBrien II @rko2milk]

One thing I found most interesting that Danone shared was: “While 75% of people find it important to eat nutritious foods, less than 40% of Americans consider the foods they eat to be extremely or very nutritious, and this disparity is either the same or more significant for multicultural consumers. This gap is even more pronounced among low-income Americans – as many as seven out of ten reported that they do not eat a very nutritious diet.” As someone who works at a grocery store, I can see this firsthand with people prioritizing just getting a meal rather than worrying about how nutritious it is.
https://t.co/9CTiCM8gO9

[Nui Markets @Nuimarkets]

Dairy Farmers of America has decided to withdraw its membership from the International Dairy Foods Association over IDFA’s decision to proceed with its single-issue petition to modify the federal milk marketing order system. https://t.co/gd3FIy9Lgb

#nuimarkets #dairy #idfa

[Nui Markets @Nuimarkets]

Australian farmer confidence has improved marginally thanks to easing concerns about commodity prices and input costs, however it remains in negative territory overall. https://t.co/jw0iTzCJXd

#nuimarkets #dairy #commodityprices #australia #commodities

[Ronald K. OBrien II @rko2milk]

Dairy Farmers of America, a major dairy cooperative with 83 processing facilities, had decided to withdraw its membership from the International Dairy Foods Association over IDFA’s decision to proceed with its single-issue petition to modify the federal milk marketing order system. https://t.co/7VFlSSk952

[Nui Markets @Nuimarkets]

In what is great news for suppliers, opening milk prices are already on the rise as processors scramble to secure supply for the 2023-24 season, with $9/kg of milk solids offered up by Saputo, and Fonterra and Bega matching soon after. Read more: https://t.co/MTYz1Msz2X

#dairy

[Ronald K. OBrien II @rko2milk]

The decline in domestic consumption of fluid milk, cheese, and butter portrays a negative trend for U.S. dairy.  Will inflation come down and will domestic consumption pick up?  Can export markets increase to keep the U.S. dairy industry growing?  There is a lot of uncertainty in future projections.   https://t.co/Ubum48UUjk

[Nui Markets @Nuimarkets]

Fonterra is closing the cheese plant at its Edendale dairy processing site, with 34 jobs impacted. Read more here: https://t.co/6C38xn665s

#dairy #nuimarkets #cheese #dairyindustry #milk

[Nui Markets @Nuimarkets]

Fonterra has announced cuts in this season's milk prices, with farmers expected to earn $8 per kgMS, a fall from the forecast of $8.30 per kgMS, as Chinese demand lags behind pre-pandemic levels. Read more: https://t.co/3Piv8I7khE

#nuimarkets #dairy #dairyindustry #milk

[Nui Markets @Nuimarkets]

New federal funding aims to offset high feed costs for organic dairy farms in the US, with the Organic Dairy Marketing Assistance Program will pay farms 75 percent of their projected marketing costs for the year.
https://t.co/Dag4izaSfF

#nuimarkets #dairyindustry #milk #dairy

[Nui Markets @Nuimarkets]

Leading milk producer India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for ice cream, and a contagious cattle disease. Read more here: https://t.co/R74q1NAuJz

#dairy #milk #nuimarkets #dairyindustry #india

[Nui Markets @Nuimarkets]

USDA’s dairy outlook for next year shows more milk, lower prices, and a relatively good outlook. They predict smaller herd sizes, but larger milk output per cow. Read more here: https://t.co/uf7agY9GWp

#nuimarkets #dairyindustry #dairynews #milk

[Nui Markets @Nuimarkets]

The United States has reported an atypical case of bovine spongiform encephalopathy (BSE), commonly known as mad cow disease. However, they report that negative trade implications are unlikely. Read more here: https://t.co/9tMcstwVwW

#nuimarkets #dairy #milk #dairyindustry

[Nui Markets @Nuimarkets]

Sluggish milk production in New Zealand and restrained demand for dairy products have finished the 2023 New Zealand dairy season with a mixed auction outcome on Global Dairy Trade. https://t.co/YQqLmmtNOh

#dairy #milkprices #nuimarkets #dairyindustry

[Ronald K. OBrien II @rko2milk]

NMPF SUBMITS MILK-PRICING PLAN TO USDA, MOVING FMMO MODERNIZATION FORWARD

Upon official acceptance, USDA will have 30 days to review the plan and decide whether and how to move forward with a federal order hearing to review the plan.

Highlights include:

Updating dairy product manufacturing allowances (the “make allowance”) contained in the USDA milk price formulas;

Discontinuing the use of barrel cheese in the protein component price formula;

Returning to the “higher of” Class I mover;

Updating milk component factors for protein, other solids and nonfat solids in the Class III and Class IV skim milk price formulas;

Updating the Class I differential price system to reflect changes in the cost of delivering bulk milk to fluid processing plants.

NMPF will pursue two other components of its Federal Order proposal, approved unanimously by the organization’s Board of Directors in March, outside of the federal-order hearing process, as they don’t involve changing federal order regulations. The recommendations, which remain essential parts of NMPF’s modernization plan, are:

Extending the current 30-day reporting limit to 45 days on forward priced sales on nonfat dry milk and dry whey to capture more exports sales in the USDA product price reporting, which can be implemented through federal rulemaking; and
Developing legislative language for the farm bill to ensure the make allowance is regularly reviewed by directing USDA to conduct mandatory plant-cost studies every two years.

https://t.co/SYGRbC51aZ

[Nui Markets @Nuimarkets]

Fonterra has established its fifth application centre in China, but unlike the other four, the newest one is focused on beverage applications. The facility opened last week and is based in the country's southern city of Shenzhen. https://t.co/IPf3YVgQWu

#nuimarkets #Milk #dairy

[Nui Markets @Nuimarkets]

Milk processor Westland Milk Products is building a new $70 million lactoferrin plant at its Hokitika site. The new plant will secure Westland Milk as one of the world's leading producers of highly prized bioactive ingredients, the company says. https://t.co/EHxzPorLXk