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Uniq "still viable" despite £436m pension deficit

Uniq is still a viable business despite the £400m+ hole in its pension fund, and it is “still plausible” that a solution will be found to enable it to trade...

News in brief

Dairy Crest Q1 trading boosted by ‘milk in bag’ success

Dairy Crest's first quarter figures are “in line with expectations”, with sales boosted by the success of new patented milk bags that Tesco is now trialling.

Glanbia buoyed by global dairy market recovery

Irish dairy giant Glanbia is predicting “very strong” first half of 2010 results, as its dairy ingredients business returns to profitability and the global dairy market recovers from the slump of 2009.

All bids for SMP intervention stocks rejected again

EU farming lobby Copa-Cogeca has called on the Commission to exercise caution in managing EU dairy stocks, as the struggle to sell off intervention stocks continues.

Fonterra reports sharp dip in dairy prices

Fonterra has revealed that prices were down sharply at its latest auction, as concerns about supply, which had fueled recent price increases, eased.

National Foods to close two Australian dairy factories

National Foods is closing two dairy factories in Australia as part of a consolidation plan that will result in 280 redundancies.


Where next for ingredients since Cognis and National Starch?

‘Billion dollar deal’ was not a phrase bandied about the food ingredients industry much last year. With BASF buying Cognis for €3.1bn and Corn Products International paying $1.3bn for National...

Fonterra’s new deal for Australian dairy producers

More money for dairy producers, paid earlier in the season to ease cash flow problems are the aims behind a new incentive payment from Fonterra Australia.

Dairy price pressures to ease up end of 2010, Rabobank

As supply increases from producers in the Southern hemisphere and demand growth slows the currently high global dairy prices are expected to ease somewhat, according to market analysts.

Top German dairy producer plans merger

Directors of Germany’s largest dairy company, Nordmilch, and Humana MilchIndustrie have proposed a merger to aid survival in a competitive international market.

Danone and Unimilk sign Russian merger deal

Danone and Unimilk have agreed to merge their Russian and CIS dairy businesses to create a new entity with annual sales of about €1.5bn.

UK dairy farmers welcome Sainsbury’s new dairy welfare scheme

British dairy farmers have welcomed a new “unique,” animal welfare standard launched by retail giant Sainsbury’s shortly after a new Mintel report identified welfare issues as consumers’ top food concern....


Realistic prices needed for European food stability and to safeguard society

Please: A big round of applause for Jozsef Kapuvári. Who? You might well ask. Kapuvári is the author of an EU report that highlights the importance of realistic food prices...

News in brief

Arla ups payment to farmers as market conditions improve

Arla has increased payments to its Danish and Swedish dairy farmers thanks to currency fluctuations and progress in international markets for milk powder and cheese.

Dairy Crest to invest £25m into dairies in 2010/11

Dairy Crest will pump the best part of £25m into its factories this year as it embarks on the first stage of a three-year, £75m capital expenditure programme.

Wiseman pumps £8m into Tesco ‘Pure’ range

Robert Wiseman Dairies is investing £8m into doubling its processing capacity for filtered milk at its Droitwich dairy after striking a deal with Tesco to boost production of its ‘Pure’...

Farmers reject Glanbia disposal plans

Farmers have pulled the plug on Glanbia Plc’s plans to sell its Irish dairy business and focus on nutrition and the US cheese market.

Glanbia revises earnings forecast as dairy prices rebound

Glanbia is revising its 2010 earnings per share guidance upwards as figures from the dairy ingredients business improve with the recovery in global dairy prices.


Biodegradable alternative or a levy - gum makers should chew on that

It’s a sticky issue that just won’t go away. There are sugar-free, tooth whitening and nicotine added versions but none from leading makers, as yet, that are dissolvable in rain....

FrieslandCampina reports milk price rally

FrieslandCampina has announced the biggest monthly increase in the guaranteed price for the milk supplied to its farmers so far this year.

Risk management: Cheese joins CME futures market

CME Group is launching cheese futures and options on its Globex trading platform to help processors and manufacturers protect themselves from price volatility.

Pactiv profits hit by high raw material costs

Pactiv Corp said high raw material costs were a major cause for a 38 per cent plunge in its Q1 profits.

Glanbia shares jump on news of Irish dairy disposal

Shares in Glanbia Plc skyrocketed yesterday on news that an agreement had been reached to sell the company’s Irish dairy business.

Carbery attributes profitability growth to ingredients

Carbery has insisted that its ingredients division performed strongly in 2009 despite a sharp reduction in group turnover.

Irish Dairy Board endures weak sales in 2009

The Irish Dairy Board (IDB) is investing in its ingredients division after overall turnover in 2009 fell 12.8 per cent to €1.89bn.

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