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News in brief

Low UK milk prices can only improve, says Carrs

Carr Milling Industries revealed a 27 per cent jump in its annual profits this week, but highlighted milk as the "notable exception" among farm commodities in the UK.

Arla Foods Milk Partnership slams milk price war

The boss of one of the UK’s biggest milk supply groups has slammed cost-cutting by discount stores that he claims has taken £252m out of the supply chain.

Adams Food Ingredients invests in new factory

Adams Food Ingredients (AFI) is investing millions of pounds in a new build factory at its headquarters in Leek, Staffordshire to increase its range of products and services.

USDA economists up dairy retail inflation forecast

New forecasts published by the United States Department of Agriculture (USDA) suggest that dairy retail prices in the US could jump by more than 5 per cent in 2011.

Moody’s: R&R Ice Cream well-placed to do more deals

Ice cream maker R&R is well placed to make further sizeable acquisitions if it continues to improve margins, particularly in its French operations, according to credit ratings firm Moody's....

Danone targets emerging markets for continued growth

Emerging markets will be the target for continued growth Danone announced yesterday, as Asian markets contributed significantly to the company’s 15 per cent growth.

FrieslandCampina lets go of major facility in organisational shake-up

FrieslandCampina has sold its yoghurt and dessert making facilities in Elsterwerda, Germany, as the company puts into action restructuring plans that will result in 942 job losses.

Two farmers jailed for milk quota fraud in Italy

Two men in Italy have received jail sentences for evading levies totaling about €20m under the European Union (EU) milk quota scheme.

DairyCo breaks down changes in share of dairy pie

Supermarkets in the UK are taking a bigger and bigger share of profits from the dairy sector according to a DairyCo report on the margins of farmers, processors and retailers.

Tetra Pak plan to cease production at UK plant on falling carton demand

Tetra Pak said a change in market conditions is the reason behind its proposal to stop production at a UK carton plant and cut up to 150 jobs.

Graham's grabs bigger share of milk market with Claymore buy

Scotland’s leading independent dairy business, Graham’s, has boosted its share of the regions’ milk market by buying out rival Claymore Dairies amid the current highly competitive trading environment for the...

News in brief

Dairy Crest announces milk price increase

Dairy Crest UK has announced a 0.5p/litre milk price increase for its suppliers from 1 October 2010.

Arla buys into Westbury joint venture

Arla Foods is to join First Milk and Milk Link as a shareholder in the joint venture company Westbury Dairies.

News in brief

Arla Foods UK finally reveals location of £150m mega dairy

Arla has revealed that its £150m ‘super dairy’ will be located on a 70-acre site in Aston Clinton, Aylesbury.

Prices rebound at latest Fonterra auction

Prices at the Fonterra globalDairyTrade auction have rebounded after two successive months of decline, suggesting renewed firmness in the market.

Lactofree sales up 37% as Arla posts profit surge

Arla's lactose-free brand Lactofree is generating value growth of 37% year-on-year, bosses have revealed as the dairy giant unveiled a sharp rise in interim profits.

Kerry ups forecast as H1 beats expectations

Ireland-based Kerry Group has upped its earnings forecast for the full year after reporting strong growth in overseas sales, supported by a recovering dairy sector.

FrieslandCampina grows strongly despite European weakness

FrieslandCampina has reported strong overall growth in the first six months of the year despite a disappointing performance in Europe.

Comment

Don’t worry about wheat prices: Look at grain stocks

There’s nothing like a shortage of wheat to send some news media searching for superlatives. Talk of “soaring” wheat prices and “rocketing” bread prices were common, in the British press,...

Glanbia raises outlook as nutrition drives recovery

Glanbia has reported a significant recovery in turnover and profits for the first six months of 2010, driven largely by the strong performance of its nutrition and ingredient businesses.

News in brief

Lactalis gets EU backing in Puleva buy out

Lactalis has secured regulatory approval from the EU to buy Puleva Foods - the dairy arm of Spanish food giant Ebo Puvela.

Arla keeps City guessing over location of super-dairy

Arla’s 1bn-litre ‘super dairy’ will not – as suggested in press reports this week – be constructed ‘near the western fringe of the M25 between Slough and Uxbridge’, bosses have insisted.

Danone to sell stake in Wimm Bill Dann Foods

Danone has agreed to sell its minority stake in Wimm Bill Dann Foods for €470m following the decision to link up with Russian rival Unimilk.

Kerry Group confirms terms of offer for Newmarket Creameries

Kerry Group has confirmed the terms of its offer to buy Cork-based cheese maker Newmarket Co-operative Creameries in a €33m deal.

Groupe Lactalis ‘committed’ to Rachel’s Welsh dairy, says supplier

French dairy giant Groupe Lactalis has signalled its commitment to maintaining Rachel’s brand and production in mid-Wales, according to Calon Wen, the co-operative that supplies all of the organic yogurt...

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