Archives for April 3, 2005

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Milk prices impact on Lifeway Foods' bottom line

A 30 to 35 percent increase in milk prices caused Lifeway Foods' operating profit to dip more than $0.5 million for full year 2004 on the previous year, despite a 9.7 percent increase in sales of its probiotic dairy drinks, known as kefirs.

China developes yield -doubling wheat

Scientists have successfully developed and tested a hybrid wheat breed that could at least double China's present per-hectare yield, according to the China Daily.

Fonterra makes Yoplait disclosure after competition complaint

New Zealand dairy co-operative Fonterra, currently involved in a bidding war for Australia's National Foods, has been told by the Australian Takeovers Panel to issue a supplementary bidder's statement about its possible joint venture with Yoplait,...

Soaring costs hampering Russian ice cream makers

High taxes on raw materials and soaring energy costs are severely hampering progress in Russia's ice cream industry, according to one industry body which is campaigning for government intervention. Yet consolidation and tighter quality standards are...