China’s dairy giant Yili has seen its total revenue rise by 16.9% to reach RMB$79.5bn (US$11bn) last year – the greatest amount generated and highest growth rate witnessed in its 50 year history.
New Zealand’s Fonterra Co-operative Group Limited has increased its 2018/19 forecast Farmgate Milk Price range to NZ$6.30-NZ$6.60 (US$4.29-$4.49) per kgMS, up from NZ$6.00-NZ$6.30 (US$4.08-$4.49), and revised its forecast earnings down to 15-25 cents...
Danone India says it is following through on its mission to 'bring health through food' to consumers, recently launching a new functional beverage as part of its core portfolio.
Grupo Lala announced this week that it reached a deal with Blue Diamond Growers to distribute Blue Diamond Almond Breeze almond beverages in Mexico. It also released fourth-quarter and full-year financial reports from 2018.
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
A Bay area-based start-up founded by two food industry veterans is injecting functionality as well as fun into the kids’ yogurt segment - one of the few bright spots in an otherwise sluggish category – with the launch of Brainiac Kids: whole milk yogurts,...
New Zealand dairy cooperative Fonterra has taken a stake in Motif Ingredients, a US-based food ingredients company that develops and commercializes bio-engineered animal and food ingredients.
Jarlsberg has been available in the US since the 1960s, and the company that produces it, Norseland (a subsidiary of Norwegian cooperative TINE), is attempting to extend what it says is a typical baby boomer audience to capture the interest of a younger...
Glanbia plc released its 2018 financials this week, revealing growing profits on the back of a few high-profile acquisitions. The nutritional ingredients and dairy business is dipping into the non-dairy sector and reorganizing its board of directors in...
In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.
Danone reported a total 2018 net profit of €2.35bn (US$2.66bn), compared with €2.45bn in 2017. But its fourth-quarter performance was better than expected after a tough global year.
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.
Morinaga, Megmilk Snowbrand, and Meiji, will introduce new prices for their milk, yogurt, and other dairy products with effect from April 1, as firms seek to come to terms with lower domestic milk production and higher costs.
National Milk Producers Federation (NMPF) president and CEO Jim Mulhern wrote a letter this week to Hamdi Ulukaya, CEO of Chobani. It expressed support of Chobani’s position in the ongoing debate of plant-based foods using dairy terms in labeling.
The EU uses environmentally friendly fuels like ethanol and biodiesel to reduce greenhouse gas emissions (GHGs). But the vegetable oils that make up EU biodiesel are facing high demand and a higher carbon tax, resulting in price increases for butter.
A serial entrepreneur is on a mission to put an end to the cloaked industry of sweet and sterile baby food with his unsweetened prebiotic and probiotic yoghurt called Lovebugs.
A multi-million dollar investment into its plant-based business was realized recently when Danone North America opened a new building at its DuBois, Penn., facilities. It will add more than 60 new jobs.
The Dairy Farmers of Washington (DFW) has reported that more than 1,600 cows perished during an unusually heavy snowstorm in the Yakima Valley region of Washington State. The significant loss further burdens an already-struggling industry.
Kiwi manufacturer Keytone Dairy has expanded its range of dairy and nutritional products with two new formulations, which are expected to support further growth in Asia.
The DMK Group, Germany’s biggest dairy cooperative, has officially opened its €145m ($164m) baby food production facility in Strückhausen in Wesermarsch.
This week’s Dairy Dialog podcast features a preview of the ProFood Tech event taking place in Chicago in March, with Laura Thomson senior director of expositions, PMMI, and Neil Moran, senior vice president, finance, administration & trade show, IDFA;...
The American Cheese Society (ACS) has been monitoring the recent struggles facing the US dairy industry, including low milk prices and a record cheese surplus. But the non-profit trade organization sees a disconnect between Big Dairy and independent farmers....
South African food and beverage company Clover Industries Limited said it has entered into an implementation agreement with Milco SA Proprietary Limited, in terms of which Milco will make an offer to acquire all of the issued shares in Clover on a fully...
Last month, the American Dairy Coalition (ADC) called attention to the record 1.4 billion pounds of surplus cheese currently in US cold storage. But it may not have a simple solution, or even be as big of a problem as the public thinks.
This week’s Dairy Dialog podcast features three interviews: with research scientist Lotte Neergaard Jacobsen from Arla Food Ingredients on infant formula ingredients concepts; John Farrand, managing director of The Guild of Fine Food on the World Cheese...
Singaporean low-calorie ice cream brand Callery’s claims to have achieved every dessert lover’s dream of a guilt-free yet still indulgent product using advanced food science.
The European Investment Bank (EIB) is providing a €40m ($45.6m) loan to the French dairy cooperative Sodiaal to support the financing of its Research and Development program.
This week’s Dairy Dialog podcast features two interviews from the Winter Fancy Food Show in San Francisco, with the Specialty Foods Association, and Rumiano Cheese.
A new processing sequence that prevents high spore counts in milk powder production has been patented in the US. Caloris develop a unique cleaning method that will help reduce the risk of bacterial contamination during manufacturing.
Advocacy groups and charities have urged The Royal College of Paediatrics and Child Health (RCPCH) to remove sponsorship from infant formula firms for its upcoming Middle East and North Africa conference.
Nestlé has announced its new global research centre in Ireland is to focus on developing innovations in milk-based maternal and infant nutrition products for the global market.
Royal A-ware, a global cheese and dairy producer in The Netherlands, and Glanbia Ireland, Ireland’s largest dairy processor, have announced plans to enter a strategic partnership to build a new continental cheese manufacturing facility in Belview, Co...
