All news articles for October 2018

Noosa has tripled its sales, market share and local production capacity in the last four years.

Noosa yogurt acquired by Sovos Brands

By Beth Newhart

Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.

© Getty Images / LewisTsePuiLung

News in Brief

FrieslandCampina Ingredients opens a new São Paulo office

By Stephen Daniells

Dairy giant FrieslandCampina Ingredients is aiming to capitalize more effectively on the growing demand for high-quality ingredients in Latin America with its new new sales office in São Paulo, Brazil.

At the beginning of 2019 customs duties on dairy products will be reduced by about 40%. Pic: ©Getty Images/Armastas

Dairy market reform agreement signed in Israel

By Jim Cornall

Israel’s Minister of Finance, Moshe Kahlon, Minister of Agriculture Uri Ariel, the Israel Farmers Association, and the Association of Cattle Breeders signed a reform agreement on the dairy market on October 29.

Westland said it was 'making progress on the matters it had direct control of.'

Westland reduces payout prediction

By Jim Cornall

The decline in global prices for dairy commodities, especially butter, has forced the board of Westland Milk Products to lower its predicted payout range for the 2018-19 season to NZ$6.10-NZ$6.50 (previously NZ$6.50-NZ$6.90).

New this month are products from Fairlife and Arla Foods. Pic: ©Getty Images/tumsasedgars

New product round-up: October 2018

By Beth Newhart and Jim Cornall

It’s time for our regular monthly look at what’s new in the dairy aisles around the world.

Roughly $1.5bn in revenues will be lost by US dairy farmers in the second half of 2018 as a result of retaliatory tariffs. Pic: ©GettyImages/Kwangmoozaa

NMPF criticizes USDA dairy aid package for falling ‘far short’

By Beth Newhart

The National Milk Producers Federation (NMPF) sent a letter to US Agriculture Secretary Sonny Perdue analyzing the federal dairy aid package the US Department of Agriculture (USDA) announced over the summer. An eventual $12bn payout is aimed at helping...