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News in brief

Fonterra and Nestle abandon Chilean subsidiary tie-up

Fonterra has revealed that a proposal to merge its Chilean subsidiary, Soprole, with the fresh dairy operations of Nestle Chile has been scrapped.

Battle heats up in milk supply chain

Pre-close trading updates from Robert Wiseman and Dairy Crest today highlighted the continued turf wars between the major UK processors, with no clear winner in sight.

Dean agrees to sell Wisconsin plant to settle antitrust case

Dean Foods has agreed to sell a milk processing plant in Wisconsin as part of a settlement with the US Department of Justice over the acquisition of a division of...

Italian government gives Ferrero a chance in fight over Parmalat

The chances of Ferrero making a move on Parmalat to create an Italian food super-group have increased after the Italian government pushed through a decree to frustrate Lactalis’ bid to...

Lactalis buys sizeable stake in Parmalat

Lactalis has acquired a 29 per cent share in Parmalat as the Italian government looks into ways of preventing the dairy company from falling into foreign hands.

Could be “best year ever” for Fonterra as firm posts $293m half-year profit

Dairy giant Fonterra is heading towards its “best year ever”, according to the firm, which reported a strong $293m half-year net profit.

Arla and DMK form new €44m whey joint venture

Arla Foods is to establish a whey processing joint venture with the merged Nordmilch-Humana company DMK to produce whey protein concentrate (WPC) and lactose for the food industry.

General Mills wins race for stake in Yoplait

General Mills has fought off big name bidders from across the global food industry to buy a 50 per cent stake in the French yoghurt maker Yoplait.

News in brief

FrieslandCampina reports jump in annual sales and profits

FrieslandCampina has reported a 10 per cent increase in annual revenue but the top-line has some way to go before reaching 2008 levels.

Prospective CEO calls for M&A drive to push Parmalat into global dairy top-5

A leading businessman, tipped to become Parmalat’s interim CEO, has advocated an aggressive expansion strategy but a Nomura analyst cast doubt on the M&A prospects of the Italian dairy firm....

Bullish milk powder market to boost raw milk prices, Euromonitor

Further raw milk price increases are expected over the next six months as a projected recovery in demand for ice cream and other indulgence foods boosts the milk powder market,...

DairyCo report highlights fierce competition in processing

A new DairyCo report, surveying the performance and strategy of the main UK milk buyers, has drawn attention to an unrelenting price war between processors.

Arla Foods aims for German top three as members vote for merger

The merger of Arla Foods and German dairy firm Hansa-Milch is now set to go ahead after members of both co-ops voted in favour of the tie-up.

Union disappointed by Robert Wiseman site closures

The Union of Shop, Distributive and Allied Workers (USDAW) says it is disappointed by Robert Wiseman Dairies' confirmation that it will close its Okehampton dairy and Cupar distribution depot with...

News in brief

Chinese dairy firm is highest bidder in Yoplait auction, reports FT

The Financial Times has reported that Bright Food of China has emerged as the biggest bidder in the auction to buy 50 per cent of the Yoplait yoghurt brand.

Glanbia reports ballooning 2010 operating profit

Irish dairy and nutritionals company Glanbia has reported a 22.8 per cent increase in annual operating profit, returning the company to pre-recession earnings figures.

Agrana invests €27.6m in its Russian plant

Agrana is investing €27.6m in expending its Russian fruit processing capacity, as it anticipates growing demand for fruit containing products.

News in brief

S&P’s revises Dean Foods outlook on input cost concerns

Standard & Poor’s has revised its rating outlook for Dean Foods warning that rising input costs are likely affect profitability at the company and other dairy processors.

New year price spike prompts Fonterra to raise payout forecast

Fonterra has raised its forecast payout to farmers for 2010/2011 following big increases in milk prices at its auctions over recent months.

Arla Foods heralds recovery despite Danish struggles

Arla Foods claims to have put the recession behind it in 2010 despite coming under pressure from discount products in its domestic market.

Comment

Arab Revolt underlines the need for action to remedy high food prices

When Tunisian street vegetable vendor Mohamed Bouazizi chose to end his life in fiery suicide, no one could have foreseen the firestorm his death would unleash across the Arab world....

News in brief

Saputo acquires US specialty cheese firm

Saputo has signed an agreement to acquire DCI Cheese Company and expand its presence in the US specialty cheese sector.

News in brief

Dean Foods sees signs of dairy retail stability

Dean Foods said it is beginning to see signs of stability after a tough 2010 saw the US dairy giant suffer from tough private label competition and retailer promotions.

UK farmers face £330m payment gap as costs outstrip prices

UK farmers face a £330m gap between the price that milk buyers pay for the product and the costs of producing it, according to a new report by the National...

Dairy Crest warns of higher milk and oil costs

Dairy Crest has met its profit expectations for the nine months to the end of 2010 but has warned of higher input costs over the coming year.

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