Fonterra is initiating a two-year consultation to adopt a preferred
capital structure that could see it split in two and listing on the
New Zealand Stock Exchange, to better take advantage
of growth opportunities.
The UK division of dairy cooperative Arla Foods is expected to
exceed last year's record earnings, the company said this week,
in announcing the group was doubling its profit forecast
for next year to DKK600m (€80m).
Anglo-Dutch consumer goods giant Unilever today reported a steep
increase in its third quarter profits on lower charges and improved
sales, though the company's personal care division showed a less
With all the threats facing food and beverage production -- from
contamination in the food chain, to rising input prices --
there appears to be one menace that towers above the rest, namely
Danone is a step nearer to going it alone in the Chinese dairy
market after selling its entire 20.01 per cent stake in
Shanghai-based Bright Dairy and Food and terminating a distribution
agreement for its products.