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WhiteWave CEO: The cost advantage of plant-based food and beverages over dairy will continue to grow

The economics of supplying plant-based foods and beverages over dairy will become increasingly compelling “because the cow is a relatively inefficient converter of grain into protein”, says the chief executive...

FrieslandCampina to cut German workforce in efficiency drive

FrieslandCampina plans to cuts its German workforce by more than 15% in an effort to increase its competitiveness in the country's supermarket-dominated “difficult” dairy market.

Dairy Crest Dairies restructuring efforts ‘overlooked’ – Panmure Gordon

The “scale and scope” Dairy Crest’s current efforts to restructure its lagging Dairies and Spreads businesses has been “overlooked”, according to stock brokerage Panmure Gordon.

News in brief

Fonterra increases 2012/13 pay-out forecast

Fonterra has announced a revised pay-out forecast range for the 2012/13 season of NZ$5.50 per kilogram of milk solids – an increase of 25 cents on the previous forecast.

DSM completes €85m acquisition of Cargill's cultures and enzymes business

DSM has successfully completed its €85m acquisition of Cargill’s cultures and enzymes business – increasing its “critical mass” in the €1bn market for dairy industry cultures and enzymes.

News in brief

Yakult to build second Yongshe plant

Yakult Honsha’s love affair with Yonghe is set to continue with the announcement of a second plant to be built in the economic zone in Guangzhou Province, China. The factory,...

Coke makes first direct investment in US dairy brands

The Coca-Cola Company is partnering with US-based Select Milk Producers to invest in the Core Power high protein milk shake brand and create a complementary value-added nutritional dairy portfolio.

Saputo heralds Morningstar deal as 'big' US growth opportunity

Saputo hopes to increase its share of the US dairy market while reducing its reliance on the stagnated Canadian market through its proposed acquisition of Dean Foods’ Morningstar division.

Saputo agrees to buy Dean Foods’ Morningstar business in $1.45bn deal

Canadian dairy giant Saputo has entered into an agreement with Dean Foods to acquire the US firm’s Morningstar business for $1.45bn (€1.1bn).

Nestlé completes Pfizer Nutrition acquisition after ‘majority’ approval

Nestlé has completed its $11.85bn (€9bn) acquisition of Pfizer Nutrition after the deal was approved by the “majority of markets involved.”

Danone eyeing Southern European dairy demand restoration

French dairy giant Danone has pinpointed the restoration of Southern European dairy product consumption and demand as one of its main short term strategic priorities.

Danone heralds India’s strength by predicting doubled sales

With the growth of nutritional foods in India outpacing that of China, Danone’s subcontinent head for nutrition has announced plans to double sales in India over the next three years....

Business

Third-time lucky for solo Fonterra operation in India

The first two endeavours might have been abortive, but it seems that Fonterra might finally see success in its third, solo attempt to move into India.

News in brief

Milk price increases demonstrate dairy farmer support – First Milk

UK dairy processor First Milk has announced further milk price increases for all of its dairy farmer suppliers.

Norwegian dairy calls for action to avoid Christmas butter shortage

Norwegian dairy giant TINE has called upon the country’s government to reduce customs duties on butter imports to avoid a potential shortage over the Christmas period.

NEWS IN BRIEF

Exports and overseas growth drive Volac profits

Dairy nutrition firm Volac has reported an operating profit increase of nearly 40% for the year ending February 2012, citing the impact of increased exports and improved profits from overseas operations.

Nestlé faces Pfizer Nutrition brand 'blackout' in Australia after Mexican setback

The Australian Competition and Consumer Commission (ACCC) yesterday approved Nestlé’s €9bn ($11.59bn) acquisition of infant nutrition business Pfizer Nutrition.

UK food park continues development

The UK's Southglade food park is expanding further thanks to a fresh injection of cash from a local council, despite the current challenging economic environment.

First Milk eyeing expanding Asian dairy markets

UK dairy processor First Milk has set its sights on the rapidly expanding market for dairy products in Asian countries such as China, after identifying demand for British cheeses.

Mexican officials block Nestlé’s Pfizer Nutrition acquisition

Nestlé’s $11.85bn (€9bn) acquisition of Pfizer Nutrition has been blocked by Mexican competition officials over concerns that the deal could lead to price increases.

News in brief

Glanbia set to complete dairy ingredients JV after shareholder approval

Glanbia looks set to complete its proposed Glanbia Ingredients Ireland (GII) joint venture with Glanbia Co-operative Society, after gaining shareholder approval for the deal.

News in brief

Dairy nutrition campaign gains EU funding

A Europe-wide campaign to promote the nutritional benefits of milk and dairy consumption has been approved for European Union (EU) co-funding.

Muller Wiseman milk price increase welcomed by farmers

Müller Dairy and Müller-owned Robert Wiseman Dairies will increase their farm gate milk price to 30.5 pence per litre (ppl) by February 2013 in an effort to meet the rising...

Reynolds results positive but reflect weak Europe

Reynolds Group has reported a total group revenue and gross profit rise, but said weak European demand affected all of its business segments.

Glanbia Society members vote to back JV

Glanbia Co-operative Society has confirmed its members have voted to dispose of 3% of the issued share capital of Glanbia to back a proposal to acquire majority ownership of Glanbia’s dairy processing business...

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