Noosa yogurt acquired by Sovos Brands
Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.
Archives for October 31, 2018
Retail sales of French-style yogurt Oui have topped $100m, says General Mills
US retail sales of yogurt have tailed off in the past two years as Greek has lost its luster. But this is just a temporary blip, predicts the president of General Mills’ US yogurt business, who is confident the overall category will return to growth.
News in Brief
FrieslandCampina Ingredients opens a new São Paulo office
Dairy giant FrieslandCampina Ingredients is aiming to capitalize more effectively on the growing demand for high-quality ingredients in Latin America with its new new sales office in São Paulo, Brazil.
Fermented dairy products associated with lower heart disease risk
New research suggests that consumption of fermented dairy products such as cheese, yogurt, quark and kefir could lower the risk of coronary heart disease.
Dairy market reform agreement signed in Israel
Israel’s Minister of Finance, Moshe Kahlon, Minister of Agriculture Uri Ariel, the Israel Farmers Association, and the Association of Cattle Breeders signed a reform agreement on the dairy market on October 29.
Westland reduces payout prediction
The decline in global prices for dairy commodities, especially butter, has forced the board of Westland Milk Products to lower its predicted payout range for the 2018-19 season to NZ$6.10-NZ$6.50 (previously NZ$6.50-NZ$6.90).
More jobs to go as Arla continues ‘Calcium’ transformation
Arla Foods has announced further changes to some of its corporate group functions as part of its ongoing transformation program, Calcium, with the loss of 140 jobs.
Aussie brands use informal trading network to test the water and open up new markets
Daigou, going, gone: Once-murky sales channel has become a boon for China exports
Just a couple of years ago, the word daigou was a grubby synonym for haphazard distribution across international borders into China.
New product round-up: October 2018
It’s time for our regular monthly look at what’s new in the dairy aisles around the world.
NMPF criticizes USDA dairy aid package for falling ‘far short’
The National Milk Producers Federation (NMPF) sent a letter to US Agriculture Secretary Sonny Perdue analyzing the federal dairy aid package the US Department of Agriculture (USDA) announced over the summer. An eventual $12bn payout is aimed at helping...