It’s a busy day for dairy market news so let’s have a look at some of the stories making headlines.
Firstly, the outbreak of Coronavirus (CoViD19) is being predicted to potentially cause a negative downturn in many world markets including the dairy market. There has been a huge growth in demand for dairy products in China in recent years and the potential size of the market is huge.
The domestic dairy industry in China has seen disruption caused to the supply chain due to the regulations brought in to combat the spread of the virus. There are also fears that there will be a general decrease in demand as a result of CoViD19 which will also impact imports to China. A further issue is that the virus is causing the financial markets to wobble generally causing fears of a downturn for the global economy.
Another story which features the dairy market that is in the news today are the US trade talks in India. India is another growing market for dairy products and there is potential for new US/India trading partnerships as a result of the talks. India is a huge market so US analysts believe that it will take some pressure from reliance on Chinese trade. The recent resumption of trade between the US and China is likely to be negatively impacted by CoVid19.
Finally we look at another headline in the press today that concerns Australia. The Australian dairy industry was deregulated in 2001, but talks are in process to potentially reintroduce a degree of government intervention through the establishment of an independent market operator (IMO) for Western Australia to oversee the industry and set minimum farmgate milk prices.
Catherine’s role is Technical Assistant and she is one of the newer members of the Ingredient Solutions team. Catherine recently graduated in Food Science and Innovation at WIT and is motivated, positive and enjoys working in a team. Catherine says, “I always see the good in every challenge that approaches me as they can lead to opportunities to learn more.” She is looking forward to focusing on the areas that she can control and learning how to perfect them.
Ted is the Factory Manager, he is the man that keeps everything running smoothly, supporting production and technical operations. He ensures that all the machinery within the factory functions at maximum efficiency and is properly maintained.
Suma has worked for Ingredient Solutions for two years as Technical Manager – leading the technical team. Before working for Ingredient Solutions, Suma worked in Asia, the Middle East and Europe and has over twenty years experience in management and leadership in food and other industries.
Pina is our UK Sales Support Administrator and has worked for Ingredient Solutions since 2012. She works alongside Gary Davies and the sales team providing them with sales information and supporting the team especially when they are on the road. Pina works remotely for Ingredient Solutions from her base in Luton in the UK.
Marek is based near Lublin, that’s not a typo we don’t mean Dublin, he’s our man on the ground in Eastern Europe.
