Chinese infant formula company Beingmate Baby & Child Food Co Ltd has issued another forecast earnings downgrade for its financial year ending December 31, 2017 – and its partner Fonterra isn’t happy.
Quark: High in protein, low in sugar, less tart than Greek yogurt
On paper, quark ticks every box. A spoonable cultured dairy product popular in Europe and Central Asia, it’s high in protein, low in sugar, and creamier and milder than Greek yogurt. The challenge in the US, says New York based entrepreneur Kamilya Abilova,...
New Zealand’s a2 Milk Company is expanding its US business to the Northeast region, a market that accounts for roughly 20% of total US milk volume, a category that is beginning to see some growth in sales after years of declines.
Argentine dairy company SanCor Cooperativas Unidas Limitada has agreed to sell its share in its joint venture with Arla Foods, known as Arla Foods Ingredients SA (AFISA).
Mexico and Spain are at odds over the labeling of Manchego cheese, one of the 57 cheese names the EU has included in its geographical indicator (GI) protection proposal.
A Bosnian dairy is one of 58 projects that has received investment from the EBRD and the EU program “Supporting competitiveness of small and medium enterprises in Bosnia and Herzegovina.”
The Vietnam Ministry of Agriculture and Rural Development is targeting an increase in exports of 3% in 2018 to reach $40bn, roughly half of which will come from “cultivated products” such as dairy.
Kaiku, an Emmi subsidiary based in San Sebastián, Spain, is increasing its stake in Centrale Laitière de Mahdia SA (Vitalait), based in Mahdia (Tunisia), from 45.4% to 54.7%.
Ekosem-Agrar GmbH, the German holding company of Russian milk producer Ekoniva Group, has hit the 1,000-tons-a-day mark in raw milk production for the first time.
While plant-based non-dairy alternatives are finding their place in more and more home refrigerators, dairy milk has a few distinct advantages that manufacturers can emphasize to retain consumers within the category, according to Mintel.
Additional investment in dairy processing in the state of Pennsylvania could generate up to $35.7m annually in combined revenue and cost savings, a new study by the Pennsylvania Department of Agriculture and Center for Dairy Excellence shows.
Looking back on a year of world dairy trade, butter was the top performer with prices climbing 40% followed by rising cheese prices, contrasting with the drop in whole milk powder and skimmed milk powder (SMP) prices (12% and 28%, respectively), a USDA...
Malaysian authorities have clamped down on fake infant formula being sold in Johor Bahru, namely a counterfeit version of Enfagrow A+ Malaysia’s Enfalac A+ Step 1.
MilkLane, a dairy supply chain company based in India, has secured $4m (INR 27 crore) in funding, which will go towards streamlining India’s fractured milk collection and distribution sectors.
Australian dairy manufacturer Burra Foods has announced an A$24.5m investment in a new infant formula blending and canning factory in Korumburra, South Gippsland, Victoria.
Grupo Lala has completed the sale of a 50% stake in Itambé, which belonged to Vigor Alimentos, to the Cooperativa Central dos Produtores Rurais de Minas Gerais Ltda (CCPR) for US$216m (R$700m).
FrieslandCampina Kievit, a manufacturer of beverage and food ingredients, has developed a new range of foaming creamers after undertaking studies in Southeast Asia.
Australian dairy company Murray Goulburn Co-operative Co. Limited (MG) is to sell its Edith Creek UHT milk facility in Tasmania, Australia, to Dutch Mill Co. Ltd. of Thailand.
The government of the Canadian province of Ontario is supporting a subsidiary of Feihe International to establish the company’s first facility outside of China.
Expocasearia was held in Italy last month in Cremona, and one company present put the spotlight firmly on the growing importance – and number – of small scale dairies.
The buzz around the Dairy Pride Act has caused some plant-based brands to drop the use of common dairy terms such as “milk” and “cheese” from their labels, while others have not abided by the dairy industry’s demands claiming consumers understand the...
While the plant-based protein market becoming more crowded with new sources, long-standing player soy has managed to stay relevant to consumers, according to Archer Daniels Midland (ADM).
The European Bank for Reconstruction and Development (EBRD) has announced a long-term loan of up to $44m to International Company for Agricultural Industries Projects (Beyti) JSC, an Egyptian company active in dairy and fruit juice processing.
Dairy Farmers of America (DFA), along with 12 of its member farms, has opened a dairy ingredients facility in Kansas to help support the region’s growing dairy industry while meeting rising demand for US dairy both domestically and globally.
US per capita dairy consumption reached 591 lbs in 2016, up from 566 lbs in 2010, driven by demand for cheese and butter, Dairy Management Inc. (DMI) CEO Tom Gallagher said during the 2017 annual meeting of US dairy organizations.
Cheaper production costs and higher quality products have led foreign companies to dominate most Chinese dairy markets, but high margins and booming demand have put local firms in pole position in the yoghurt market.
Grupo Lala has completed the acquisition of a 99.9% share of Brazilian dairy company Vigor Alimentos, S.A. in a deal worth $1.3bn, aligning with the company’s strategy of expanding its value-added dairy business in South America.
Swiss dairy company Emmi is increasing its stake in Mexideli 2000 Holding SA de CV from 50% to 51%, meaning it now holds a majority stake in the company.
DanoneWave, the newly combined business unit of Danone and WhiteWave, will invest up to $60m to expand its plant-based beverage manufacturing operations at its Mount Crawford, Virginia, facility.
US cheese exports have risen 30% over the last six months compared to the same period last year, with cheese shipments to Mexico, Australia, Japan, and the Middle East/North Africa increasing by double- to triple-digits in volume sales, according to USDEC.
E-commerce is now the main entry point for dairy imports into China, having achieved a two-thirds share of the entire consumer market for dairy imports in 2016.
Prabhat Dairy is seeking to expand its consumer business across India in a bid to achieve annual sales of 20 billion rupees (US$307.2m) by financial year 2019-2020.
