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.
Three dairy companies made the top 10 list of Fast Company’s ‘World’s Most Innovative Companies’ in the food sector for 2018 – Chobani (in third spot), Eden Creamery (the makers of Halo Top, in fifth) and The a2 Milk Company, in ninth place.
UK firm Kendal Nutricare has signed a US$118m five-year contract deal with import / export company Orient International Holding Shanghai Foreign Trading Co. to distribute its organic infant formula in China.
USDEC and NMPF have urged the US Senate to swiftly approve Gregg Doud as chief agricultural negotiator in the Office of the US Trade Representative (USTR) where he will work with Ambassador Robert E. Lighthizer on advancing US international trade deals....
Maple Hill 100% grass-fed organic dairy has launched a new range of blended yogurt developed in response to high consumer demand and to complement the company’s existing cream-on-top and Greek yogurt lines, CEO Carl Gerlach said.