News & Analysis on the Dairy Industry & Markets
Fonterra has reported an earnings before interest and tax (EBIT) increase of more than 25% for the first half of fiscal year (FY) 2013 – a result it has attributed to sales volume growth from its NZ Milk Products business, Asia, and Latin America.
US dairy giant Dean Foods has announced plans to close its Oak Farms processing plant in Shreveport, Louisiana later this year – citing the pressures of operating in a “highly competitive marketplace.”
CHILDREN'S FOOD CAMPAIGN SLAMS 'EVER ACCOMMODATING ASA'
Nestlé milkshake brand Nesquik has escaped UK Advertising Standards Authority censure after viewers of a TV ad alleged that it encouraged ‘poor nutritional habits’ among children, but the Children's Food Campaign slammed the 'ever-accommodating ASA'.
Dutch supplier IOI-Loders Croklaan has won 17 process patents for its breast milk alternative Betapol and has another four pending.
Following a highly successful inaugural summit last week, organisers William Reed Business Media have confirmed that Food Vision will become an annual event, returning to Cannes, France, in March 2014.