Pricing Pressures

DFA to purchase a portion of Dean Foods’ assets for $433m

By Beth Newhart

After several months of back and forth following the Dean Foods bankruptcy, the Dairy Farmers of America (DFA) co-op is acquiring a majority of its assets for $433m. Prairie Farms Dairy will also get a portion for $75m.

Snacks and plant-based products showed growth in Finland.

Valio issues 2019 financials

By Jim Cornall

Finnish dairy cooperative Valio Group’s net sales were €1,787m ($1.98bn) in 2019, representing 3% growth from the previous year.

“In times like this, the resilience of the human spirit is more visible than ever. It’s incredibly uplifting to see so many businesses and individuals stepping up.

Dairy donates time, money and food to the coronavirus pandemic

By Beth Newhart

The coronavirus is upending businesses and economies around the world, and the dairy sector isn't immune. While some aspects of the industry need stability and assistance, others are able to share their wealth and give back.

DFA is re-evaluating its options to submit another bid by the deadline.

DFA is no longer confirmed to purchase Dean Foods

By Beth Newhart

Though it was announced last month that Dean Foods and the Dairy Farmers of America (DFA) entered into an asset purchase agreement, that has been mutually terminated. The co-op is still in the running but is no longer the ‘stalking horse’ bidder.

The EDA is looking to the European Commission to act on several recommendations for dairy products.

EDA looks to keep dairy open despite coronavirus challenges

By Jim Cornall

In an open letter sent out to the EU Commission, European Parliament’s COM AGRI and EU Member States’ / UK Agricultural Counsellors, Alexander Anton, secretary general of the European Dairy Association (EDA), set out an assessment of the current situation...

Fonterra said it is operating in a different global context as a result of COVID-19.

Fonterra reports interim results

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2020 interim results, which show the cooperative’s financial performance has improved with increased underlying earnings and reduced debt.

US lays out new COVID-19 guidelines for food industry

By Beth Newhart

The Trump Administration released a set of coronavirus guidelines for all Americans, with special provisions for critical infrastructure industries like food and beverage. Brands have been adapting this week to the new reality, while keeping employee...

Rabobank is lowering its 2020 US demand growth projections from 0.8% to 0.5%, as consumers quarantine during the COVID-19 pandemic. Pic: Getty/Chinnapong

The ripple effects of COVID-19: A look into global dairy

By Beth Newhart

Rabobank assesses how the ‘corona hangover’ will impact global dairy markets in its latest report. Demand in China is already starting to bounce back after its virus exposure seems to have peaked, while the US will suffer in the coming months as cases...

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