The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have concluded the initial consultation period regarding the establishment of a joint venture to operate a European-based auction mechanism for European dairy products.
The California Milk Processor Board (CMPB) has announced a new loyalty program that will allow California residents to accrue rewards from buying fluid milk products. ‘Moo Money’ will run through April.
Powerful establishment has the cards stacked in its favor through margins and scale
Two multinationals have already invested in Indian dairy this year, with January still in play. By such a measure it would appear that the subcontinent market is an attractive place, but foreign majors still have their work cut out for them.
DSM have been granted an extension by the European Commission (EC) that permits the use of Schizochytrium sp. oil as a source of omega-3 fatty acid for use in foods that include supplements, infant and sports nutrition products.
OAL has partnered with Filmatic, a supplier of liquid and food packaging equipment in South Africa to distribute its Steam Infusion Vaction Pump for dairy and maize-based drinks across Sub-Saharan Africa.
UK green technology company Food Forward Ltd, supported by researchers at the University of Surrey, has been awarded £60,000 ($79,000) of funding from Innovate UK to build out its data platform for the UK dairy industry.
Following the example of many other high-profile companies, Ben & Jerry’s has announced plans to combat the environmental effects of single-use plastic. It will be removed from its Scoop Shop locations worldwide by the end of 2020.