Calls from the French National Federation of Dairy Cooperatives (FNCL) to stop imports of foreign dairy products are contrary to EU single market principles, Dutch groups have complained to the European Commission.
Nestlé took the top spot and Lactalis unseated its French rival Danone to take second place in the Rabobank Global Dairy Top 20. Can you guess how the likes of Yili, Fonterra, Arla Foods and Dairy Farmers of America (DFA) finished?
New Zealand’s dairy industry is reassuring consumers that today’s news of threats to poison infant formula last year does not mean there has been any cause for concern and their products are perfectly safe for consumption.
Fonterra is prepared to pay NZ$615m (US$514m, €390m) for a 20% stake in Chinese baby food manufacturer Beingmate in its latest attempt to expand its presence in China’s lucrative infant formula market.
Sales slipped 6% and net profits 11% in Q2 for DSM’s human and animal nutrition arm as adverse currency movements, a slow US vitamins and omega-3 food supplements market and the Asian botulism infant formula scare affected earnings.