Food safety scandals in China have badly damaged consumer confidence, particularly in the dairy industry.
In recent years, two new factors have significantly contributed to price volatility in the dairy industry.
But life in the dairy industry is tough, and unlikely to get easier.
Pete Nicholson, Wiseman's milk procurement director, said Muller was ambitious to grow and play an even greater role in the UK dairy industry.
BBC: Muller and Robert Wiseman Dairies agree milk price rise
Mr Edwards has questioned Ms Gwyther in the Assembly chamber on what plans she had to discuss the future of the dairy industry in Wales, following publication of the MMC report.
Occasionally, comics-industry types assert that comics are good at telling stories in lots of different genres, which misses the big picture in the same way as a dairy-industry type insisting that milk can be made into lots of different flavors of ice cream.
The dairy industry is unique in this nation, and it is also something that affects most American households on a daily basis.
Hassan Radmard, head of trade development at the Ministry of Trade and Industry, said Monday that the increase in prices of poultry and dairy products was a result of difficulties in buying animal feed, transporting goods from ports and completing financial transactions because of sanctions, official student news agency ISNA reported.
In light of the pending dairy cliff and the competing interests of the industry and consumers, perhaps the best course of action is for the USDA to issue temporary rules to avert a spike in prices, but those rules should be set to expire once permanent rules can be crafted through the formal (and transparent) rule making process.
FORBES: As Dairy Cliff Approaches, Consumers May See Milk and Cheese Prices Double
On Thursday morning, Mr Richards announced he would be selling up his own dairy herd as he could no longer afford to continue in the industry, an example that underlines the seriousness of the situation.
Li Yuanping, spokesman for the General Administration of Quality Supervision, Inspection and Quarantine, the industry watchdog, said at a news conference in Beijing on Saturday that 643 dairy producers, 55 percent of 1, 176 nationally registered, passed the AQSIQ inspection, China Daily reported.
FORBES: Got Milk? China Closes Hundreds of Dairy Farms after Tainted Milk Scandal
With per-capita U.S. milk consumption down 36% between 1970 and 2011, an industry trade group spokesman recently admitted something everybody already knew: The dairy business is in trouble.
FORBES: How the Milk Industry Went Sour, and What Every Business Can Learn From It
Drinks are a good place to be in right now: Fruit juice and dairy products are rising 18% a year in consumption, much faster than the 15% for the beverage industry overall, according to figures from the Soft Drink Industry Association (Asrim).
FORBES: Indonesia's Kalbe Farma Expands From Health Care To Juice Drinks and Beyond
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