In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.
Danone reported a total 2018 net profit of €2.35bn (US$2.66bn), compared with €2.45bn in 2017. But its fourth-quarter performance was better than expected after a tough global year.
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.
The Dairy Farmers of Washington (DFW) has reported that more than 1,600 cows perished during an unusually heavy snowstorm in the Yakima Valley region of Washington State. The significant loss further burdens an already-struggling industry.
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 US government’s partial shutdown has entered its fifth week without a compromise in sight. Dairy farmers, producers and consumers alike are being impacted by the USDA’s and FDA’s limited resources in the interim.
In a letter penned to President Donald Trump, the American Dairy Coalition (ADC) detailed the current dairy crisis hoping to stop the “hemorrhaging of the US dairy industry.”
Machinery from a high volume fluid milk jug plant in southern Florida is up for auction this week, including milk silos, homogenizers and processors. Auctioneers New Mill Capital will oversee the online sale, open to all global customers.
Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.
French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.
Rabobank has published its Dairy Q4 Quarterly report, which states the US saw just 1% growth in milk production in 2018, the lowest year-on-year (YOY) growth since 2013. Milk production was also down in the EU and Australia last year, but rose in New...
The Dutch Royal FrieslandCampina N.V., a global dairy brand, closes out a busy December with the announcement that it has acquired Best Cheese Corporation USA, importer and vendor of specialty cheeses. It’s the second US company it has picked up this...
The US is close to passing a landmark $867bn farm bill after months of negotiation and compromise. It has already passed the Senate and the House and is expected to be signed into law by President Donald Trump within the coming days.
Just two months after Agropur announced it will close its goat cheese-producing plant in Saint-Damase, it has engaged in discussions with Quebec Goat Milk Producers about an undisclosed deal.
After months of back-and-forth and a tumultuous summer of trade disputes between the US, Canada and Mexico, the three North American nations have officially signed the US Mexico Canada Agreement (USMCA), dismantling the previous North American Free Trade...
