The rising demand for dairy in China, growing at 6% to 7% rate annually, is teetering on outpacing volume growth of the category (increasing by 3% to 4% every year) as the country shows great interest in dairy products, according to Mintel.
Dean Foods has ended some of its milk procurement contracts with more than 100 dairy farms, mainly due to a surplus of raw milk in the US at a time when US consumers are drinking less fluid milk.
Finnish dairy company Valio invited teams from around the world to enter a hackathon competition to find ways of making use of the methane cows produce, and to reduce methane emissions.
Global dairy and meat production and consumption must be cut in half by 2050 to avoid dangerous climate change and keep the Paris Agreement on track, according to a new Greenpeace report.
French multinational retailer Carrefour is to extend its use of Blockchain technology by offering consumers total traceability of its popular animal and vegetable product ranges.
Müller, Britain’s biggest producer of fresh milk, butter, cream, yogurt and desserts, has confirmed its intention to acquire the capability to manufacture its own fresh milk packaging in the UK.
Foremost Farms received a $12m bond from the Michigan Strategic Fund (MSF) to support construction of a 55,000-square-foot dairy processing plant in west central Michigan, estimated to cost $57.9m.
The European Milk Board (EMB), responding to French President Emmanuel Macron’s announcement that the milk price will be determined by production costs, has released data from a study it commissioned to look at farmer’s costs to produce milk.
The Australian Competition and Consumer Commission (ACCC) has expressed concerns over the proposed acquisition of the assets of Murray Goulburn by Canadian company Saputo.
Foreign interest in the US dairy market has been at a play for several years, but the momentum of international joint ventures (JVs) has been speeding up, a report published by CoBank’s Knowledge Exchange Division says.
Dean Foods saw its gross profit drop 8% year-over-year to $1.8bn, driven primarily by a 6% decrease in reported volumes and higher mix of private label products, which the company intends to turn around with an enterprise-wide cost productivity program.
