The European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO) are joining forces to support Georgia’s dairy sector.
Ireland is aiming to nearly double its food exports to the Middle East, with a target of more than US$560m by 2020, and is counting on its newly quota-free dairy industry to do it.
The cheese powder market in 2015 was estimated at $256.1m, with global demand expected to show a CAGR of 7.5% from 2015 to 2020, a new MarketsandMarkets report shows.
Australian cooperative Murray Goulburn has entered into a framework agreement to establish a supply alliance with global paediatric nutrition company Mead Johnson Nutrition (MJN).
Italian dairy company Parmalat’s net revenue for the financial year ending December 31, 2015, rose from $6.08bn (€5.5bn) to $7.1bn (€6.4bn), however, profits fell from $228m (€205m) in 2014 to $164m (€147.6m).
Promasidor Nigeria Ltd (Promasidor), which manufactures powdered milk, food seasoning and packaged tea leaves, has applied for a $25m loan to modernize its plant in Lagos, Nigeria, to start operations in 2017.
Merial, the animal health division of Sanofi, and Zoetis India Limited, a subsidiary of Zoetis Inc., have announced they have entered into an exclusive marketing and distribution agreement for medicines and vaccines for dairy cattle in India.
