Norwegian dairy giant TINE has called upon the country’s government to reduce customs duties on butter imports to avoid a potential shortage over the Christmas period.
Dairy nutrition firm Volac has reported an operating profit increase of nearly 40% for the year ending February 2012, citing the impact of increased exports and improved profits from overseas operations.
The Australian Competition and Consumer Commission (ACCC) yesterday approved Nestlé’s €9bn ($11.59bn) acquisition of infant nutrition business Pfizer Nutrition.
The UK's Southglade food park is expanding further thanks to a fresh injection of cash from a local council, despite the current challenging economic environment.
UK dairy processor First Milk has set its sights on the rapidly expanding market for dairy products in Asian countries such as China, after identifying demand for British cheeses.
Nestlé’s $11.85bn (€9bn) acquisition of Pfizer Nutrition has been blocked by Mexican competition officials over concerns that the deal could lead to price increases.
Müller Dairy and Müller-owned Robert Wiseman Dairies will increase their farm gate milk price to 30.5 pence per litre (ppl) by February 2013 in an effort to meet the rising cost of milk production.
Glanbia Co-operative Society has confirmed its members have voted to dispose of 3% of the issued share capital of Glanbia to back a proposal to acquire majority ownership of Glanbia’s dairy processing business as part of a joint venture (JV) with Glanbia...
Parmalat has reported double-digit revenue and profit growth for the first nine months of 2012, driven by strong performances by its US, Canadian, Australian and Russian segments.
Dean Foods is eyeing further growth to close 2012, after strong third quarter performances from its Fresh Dairy Direct and WhiteWave-Alpro business segments.
Dairy Crest is confident that it will meet its full year expectations, despite a tough start to the year that saw a 7% sales revenue decrease compared with H1 2011.
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
Fonterra is working closely with the New Zealand Customs Service to establish how a “significant quantity” of either cocaine or heroin found its way into a shipping container of Fonterra powdered milk.
Nestlé's $11.85bn (€9bn) acquisition of Pfizer Nutrition has been given the go-ahead by anti-trust authorities in China – taking the “strategic” takeover a step closer to completion.
Fonterra has signed an investment agreement with Chinese authorities to develop two more large-scale dairy farms – the latest step in the firm’s strategy to build a sustainable fresh local milk supply in the country.
Strong growth in Kerry Group’s ingredients and flavours division has helps to balance out slow-down in consumer goods, as revenues increased by nearly 11% to €4.4 billion.
A2 Corporation (A2C) – the manufacturer of a2 brand fresh milk – is eyeing a number of “attractive international markets” including North America and Europe as part of an effort to maximise company growth.
Lactalis has agreed to acquire a majority stake in leading Slovenian diary processor Ljubljanske Mlekarne – a move the French dairy giant hopes will strengthen its position in South East Europe.
Unilever and Dutch dairy giant FrieslandCampina have expanded their existing sustainability partnership with a pledge to co-operate on development and innovation while promoting sustainable production, packaging, and logistics.
A Northern Ireland-based dairy processor has rolled out its new ‘Super Healthy Milk’ – Europe’s first and only probiotic and vitamin K2-enriched fresh milk.
Fonterra has launched a fund worth at least NZ$500m ($420m) on the New Zealand and Australian stock markets – offering non-farmers the opportunity to invest in Fonterra for the first time.
Parmalat has voiced confidence that “nothing wrong was done” in relation to its May 2012 intra-group acquisition of Lactalis American Group (LAG) – just hours after court proceedings surrounding the deal began in Italy.
European Commission (EC)-issued milk quota penalties could impact the production of milk and leave dairy processors short, according to the European Dairy Association (EDA).
Dairy farmers in six European Union (EU) Member States have been hit with ‘superlevy’ penalties totaling more than €78m for exceeding their milk quotas in the 2011/12 season.
Danone must cut the prices of its branded dairy products significantly in parts of Europe to compete with lower-price private label brands, French banking giant Societe Generale has claimed.
Cathedral City cheddar cheese brand has been valued at £250m – a first for any UK brand in the pre-packed cheese category, owner Dairy Crest has claimed.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Danone has reconfirmed its full year targets after recording “solid growth” in its Baby Nutrition and Waters business segments in the third quarter of 2012.
Greek dairy giant FAGE has announced that it is transferring its headquarters from Athens to Luxembourg – a move that some consider an attempt to reduce its exposure to the Greek financial crisis.
Italian prosecutors have opened an investigation into the legality of Parmalat’s May 2012 $904m intra-group acquisition of Lactalis America Group (LAG).
Italian dairy giant Parmalat is remaining tight lipped following reports that its $904m intra-group acquisition of Lacatalis America Group (LAG) was met with criticism from shareholders.
Arla Foods has “plenty on its plate” and is unlikely to pursue further European dairy industry consolidation in the near future, a food sector mergers and acquisitions expert has claimed.
Australian dairy co-operative Murray Goulburn has reported revenue and profit increases for the 2011-12 season, citing the impact of increased exports.
Dallas-based dairy giant Dean Foods is inviting potential buyers to cast a slide rule over its Morningstar warehouse delivery business - the smallest of its three divisions - as it seeks to reduce its debt pile.
Fonterra has reported a drop in net profit for the 2012 season and cut its final payout to farmers - citing the negative effect of record breaking milk production on global dairy prices.
Dairy Crest intends to close its butter and spreads manufacturing facility in Crudgington, Shropshire site under its continued drive to improve efficiency throughout its business.
Cargill and DSM have entered exclusive discussions that may result in the acquisition of Cargill’s cultures and enzymes business by DSM, the firms have confirmed.
Leading Chinese infant formula manufacturer Synutra l has entered into a commercial partnership agreement with French dairy giant Sodiaal and its subsidiary, Euroserum – a deal the Chinese firm hopes will “further increase consumer confidence” in its...
The recent UK milk price increases announced by processors should not be considered a recovery milestone, but a well-timed PR opportunity, a European dairy analyst has claimed.
Müller Dairy UK and Müller-owned Robert Wiseman Dairies have promised a “substantial increase” in the price they pay to their dairy farmer suppliers for milk.
The Swiss government is considering implementing production quotas across the Emmentaler supply chain, in an effort to keep manufacturers of the iconic cheese and their milk suppliers afloat.
Dairy Crest has expressed confidence in delivering higher milk prices for its farmers in coming months – the latest move by British dairy processors to regain dairy farmer trust following this year’s milk price protests.
Few individuals have had as much impact on a produce industry as Dr Verghese Kurien, who passed away in Gujarat last weekend. In a career spanning almost 60 years, Kurien transformed the way India's dairy industry operates and led Amul to become...
