A Taste of Wellness for Savoury and Snacks
Givaudan
As world demand begins to return to pre-crisis levels, the Italian dairy industry appears to be recovered. The report from the USDA Foreign Agricultural Service said that starting from the third quarter of 2009 dairy prices, mainly driven by Protected Country of Origin (PCO) cheeses and butter, started to improve and have continued on an upward path.
But despite the market improvement, the USDA report said positive trends are partially overshadowed by a “milk price war” between farmers and processors. Due, it said, to a nonexistent national price agreement, many bilateral agreements are being carried out around Italy and farm gate prices are fluctuating, on average, between 0.35 euro cents and 0.40 euro cents.