Fonterra announces record loss and new strategy
Fonterra has announced its FY19 annual results, the final milk price for the 2018/19 season, a new strategy and changes to its operating model and management team.
Archives for September 26, 2019
Gouda news for cheese lovers: Study finds blood health benefit
Antioxidants naturally found in cheese may help protect blood vessels from damage from high levels of salt in the diet, according to a new Penn State study.
Milco/Clover merger approved after improvements made
South Africa’s Competition Tribunal has approved the merger of Milco SA (Pty) Ltd and Clover Industries Ltd, subject to employment, local procurement of bulk juice concentrate, and information sharing conditions.
IDF marks World School Milk Day with work on school milk programs
The International Dairy Federation (IDF) celebrated World School Milk Day at the IDF World Dairy Summit 2019 in Istanbul, Turkey, this week by announcing a review of global school milk programs.
New Arla black milk crates are more green
Arla’s new milk crates in Denmark may no longer be the traditional green color, but the new black containers will be more ‘green,’ as they are more environmentally friendly.
news in brief
Nestlé invests in Spanish condensed milk factory
Nestlé has confirmed it will invest nearly €1.9m ($2.1m) in the construction of two new filling lines at its condensed milk factory located in Pontecesures (Pontevedra).
Fonterra sells DFE Pharma share to reduce debts
New Zealand dairy cooperative Fonterra has agreed the sale of its 50% share of DFE Pharma for NZ$633m (US$400m).