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Danone must cut prices to compete with private label brands – analyst

Danone must cut the prices of its branded dairy products significantly in parts of Europe to compete with lower-price private label brands, French banking giant Societe Generale has claimed.

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Cathedral City cheddar brand valued at £250m

Cathedral City cheddar cheese brand has been valued at £250m – a first for any UK brand in the pre-packed cheese category, owner Dairy Crest has claimed.

Emerging markets continue to drive Nestlé sales

Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.

Danone reconfirms targets after ‘solid’ baby nutrition and water sales

Danone has reconfirmed its full year targets after recording “solid growth” in its Baby Nutrition and Waters business segments in the third quarter of 2012.

News in brief

Arla Milk Link increases milk price to 27.5ppl

Arla Foods has announced that the Arla Milk Link milk price will increase by 0.5 pence per litre (ppl) from 1 November 2012.

FAGE Dairy announces Greek exit as financial crisis deepens

Greek dairy giant FAGE has announced that it is transferring its headquarters from Athens to Luxembourg – a move that some consider an attempt to reduce its exposure to the...

Parmalat denies wrong-doing as prosecutors open file on LAG acquisition

Italian prosecutors have opened an investigation into the legality of Parmalat’s May 2012 $904m intra-group acquisition of Lactalis America Group (LAG).

Parmalat tight-lipped on shareholder criticism of LAG acquisition

Italian dairy giant Parmalat is remaining tight lipped following reports that its $904m intra-group acquisition of Lacatalis America Group (LAG) was met with criticism from shareholders.

Arla Foods unlikely to pursue more dairy consolidation – M&A expert

Arla Foods has “plenty on its plate” and is unlikely to pursue further European dairy industry consolidation in the near future, a food sector mergers and acquisitions expert has claimed....

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Milk Link’s drink business must go as Commission approves Arla merger

Arla Foods has been granted approval by the European Commission to merge with Milk Link, but must sell a UK milk drinks business acquired through the deal to facilitate the...

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Murray Goulburn reports revenue boost citing exports growth

Australian dairy co-operative Murray Goulburn has reported revenue and profit increases for the 2011-12 season, citing the impact of increased exports.

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Dean Foods seeks buyer for Morningstar

Dallas-based dairy giant Dean Foods is inviting potential buyers to cast a slide rule over its Morningstar warehouse delivery business - the smallest of its three divisions - as it...

Fonterra posts profits drop, cites global dairy price fall

Fonterra has reported a drop in net profit for the 2012 season and cut its final payout to farmers - citing the negative effect of record breaking milk production on...

Dairy Crest profits fall, but full year expectations ‘remain unchanged’

Dairy Crest’s full year financial expectations remain “unchanged”, despite what the firm has described as a challenging first half to the year.

Dairy Crest propose Crudgington plant closure in efficiency drive

Dairy Crest intends to close its butter and spreads manufacturing facility in Crudgington, Shropshire site under its continued drive to improve efficiency throughout its business.

News in brief

First Milk announces October milk price increase

UK dairy processor First Milk has announced an increase in the standard price it pays to its milk suppliers.

DSM enters exclusive discussions to acquire Cargill’s cultures and enzymes business

Cargill and DSM have entered exclusive discussions that may result in the acquisition of Cargill’s cultures and enzymes business by DSM, the firms have confirmed.

News in brief

Co-op Dairy Group announces one pence milk price increase

Dairy farmer members of the Co-operative Dairy Group will receive a one pence per litre (ppl) increase on their August 2012 rate.

Synutra signs Sodiaal deal in Chinese consumer confidence effort

Leading Chinese infant formula manufacturer Synutra l has entered into a commercial partnership agreement with French dairy giant Sodiaal and its subsidiary, Euroserum – a deal the Chinese firm hopes...

UK milk price increases not milestones, just PR – analyst

The recent UK milk price increases announced by processors should not be considered a recovery milestone, but a well-timed PR opportunity, a European dairy analyst has claimed.

Robert Wiseman promises ‘substantial’ milk price increase

Müller Dairy UK and Müller-owned Robert Wiseman Dairies have promised a “substantial increase” in the price they pay to their dairy farmer suppliers for milk.

Swiss consider Emmental production quotas in price boost effort

The Swiss government is considering implementing production quotas across the Emmentaler supply chain, in an effort to keep manufacturers of the iconic cheese and their milk suppliers afloat.

Dairy Crest confident of delivering higher milk prices

Dairy Crest has expressed confidence in delivering higher milk prices for its farmers in coming months – the latest move by British dairy processors to regain dairy farmer trust following...

Verghese Kurien: death of an Indian milk revolutionary

Few individuals have had as much impact on a produce industry as Dr Verghese Kurien, who passed away in Gujarat last weekend. In a career spanning almost 60 years, Kurien...

Fonterra cleared to acquire NZDL processing assets

Dairy exporter Fonterra has been cleared to acquire the processing assets of New Zealand Dairies Limited’s (NZDL) by the New Zealand Commerce Commission.

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