Grupo Lala has agreed to acquire 91.99% equity share of Brazilian dairy company Vigor Alimentos S.A., as well as its shareholding in Itambé Alimentos S.A., for US$1.8bn (R$5,725m).
Global food prices have risen for the third month in a row, hitting a 31-month high partly led by higher prices for butter and cheese, according to the FAO food price index compiled by the UN.
Irish dairy manufacturer Ornua, maker of Kerrygold butter, has won a trademark dispute against Wisconsin-based Old World Creamery over use of the name “Irishgold” on its butter and cheese products.
Beijing Sanyuan Foods Co. (Sanyuan) and Fosun Group (Fosun) have agreed to jointly acquire Brassica TopCo and PPN Management, the controlling shareholders of St- Hubert.
The value of milkfat has increased significantly in the US market driven by changing consumer attitudes towards high-fat dairy products, according to new analysis by the National Milk Producers Federation (NMPF).
Milk production is expected to accelerate worldwide especially in India where it will grow 49% by 2026, contrasting with the steady decline of milk consumption in developed markets like the US, according to the OECD-FAO Agricultural Outlook 2017-2026.
French bakery associations, La Fédération des Entrepreneurs de Boulangerie (FEB) and Les Fabricants de Biscuits et Gâteaux de France, have risen the alarm over the relentless upward drive of the butter price and the slippery slope now facing the industry.
Ornua, Ireland’s largest exporter of primary Irish dairy products, has published a review of its 2016 operational and financial performance, as well as a goal to build revenues of €3bn ($3.3bn) by 2021.
Dean Foods reported an increase in net sales for Q1 2017 reaching $2bn, up from $1.88bn from the same period last year, but registered a 1.3% decline in total volume production for the quarter.
