Thursday, 22 February 2024 13:00

Cheesed off by price

Written by  Milking It

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.

More like this

Plant-based bubble bursts

OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird Ventures, and its products are no longer available in supermarkets.

Exploited by one of their own

OPINION: Milking It believes a recent Employment Relations Authority ruling on the exploitation of three migrant workers from Indonesia highlights a trend in New Zealand – migrant workers being mistreated and oppressed by one of their own.

'Not our fault!'

OPINION: Milking It wasn’t too surprised to hear Kiwis’ trust in media has sunk to a new low.

Avian flu in cows

A lethal form of avian influenza has been confirmed in US dairy cattle in Texas and Kansas, the US Department of Agriculture says.

Featured

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

National

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

» Latest Print Issues Online

Milking It

Plant-based bubble bursts

OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter