Dairy Industry News
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China Mengniu Dairy Co., the country’s largest dairy producer, agreed to buy 26.9 percent of China Modern Dairy Holdings Ltd. for HK$3.18 billion ($409 million) to gain greater control of milk supplies amid food safety concerns in the country.
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China Mengniu Dairy Co., the country’s largest dairy producer, agreed to buy a 26.9 percent stake in China Modern Dairy Holdings Ltd. for HK$3.18 billion ($409 million) to gain greater control of milk supplies.
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Doug Young is betting $1.8 million that he can make money from the waste produced by his 1,800-dairy-cow farm near Union Springs, New York.
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China Modern Dairy Holdings jumped the most in more than three weeks in Hong Kong trading after the raw milk producer said it has held preliminary discussions over a possible asset sale.
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Tim Bale’s dairy farm barely broke even in six years as mergers of processors and competition between supermarkets Coles and Woolworths Ltd. pushed down milk prices. So 14 months ago, he decided to cut out the middleman.
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Mongolia approved $86.2 million of loans for cashmere, clothing and dairy companies as the government seeks to reduce the nation’s reliance on mining for economic growth.
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Milk futures are poised to end their longest slump since 2008 in Chicago as drought reduces production in New Zealand, the largest exporter, forcing China and other buyers to import more from the U.S.
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Governor Andrew Cuomo said he wants New York to become the yogurt capital of the U.S., just as California’s Silicon Valley has grown to dominate the global high-tech industry.
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Kenya banned powdered milk imports To ensure there will no repeat of the oversupply of milk in the country, a situation which hurt dairy farming earlier this year, the Standard said, citing Livestock Development Minister Mohammed Kuti .
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The U.K. may need legislation governing relations between dairy farmers, who face losses after milk-price cuts, and processors if the two sides are unable to agree on a voluntary conduct code, a lawmaker wrote.
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