New Zealand’s Fonterra Co-operative Group Limited has increased its 2018/19 forecast Farmgate Milk Price range to NZ$6.30-NZ$6.60 (US$4.29-$4.49) per kgMS, up from NZ$6.00-NZ$6.30 (US$4.08-$4.49), and revised its forecast earnings down to 15-25 cents...
Grupo Lala announced this week that it reached a deal with Blue Diamond Growers to distribute Blue Diamond Almond Breeze almond beverages in Mexico. It also released fourth-quarter and full-year financial reports from 2018.
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
Glanbia plc released its 2018 financials this week, revealing growing profits on the back of a few high-profile acquisitions. The nutritional ingredients and dairy business is dipping into the non-dairy sector and reorganizing its board of directors in...
In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.
Danone reported a total 2018 net profit of €2.35bn (US$2.66bn), compared with €2.45bn in 2017. But its fourth-quarter performance was better than expected after a tough global year.
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.
Morinaga, Megmilk Snowbrand, and Meiji, will introduce new prices for their milk, yogurt, and other dairy products with effect from April 1, as firms seek to come to terms with lower domestic milk production and higher costs.
The EU uses environmentally friendly fuels like ethanol and biodiesel to reduce greenhouse gas emissions (GHGs). But the vegetable oils that make up EU biodiesel are facing high demand and a higher carbon tax, resulting in price increases for butter.
The Dairy Farmers of Washington (DFW) has reported that more than 1,600 cows perished during an unusually heavy snowstorm in the Yakima Valley region of Washington State. The significant loss further burdens an already-struggling industry.
Last month, the American Dairy Coalition (ADC) called attention to the record 1.4 billion pounds of surplus cheese currently in US cold storage. But it may not have a simple solution, or even be as big of a problem as the public thinks.
New Zealand dairy company Synlait said it is dropping its milk price forecast for the 2018/2019 season to NZ$6.25 kgMS (US$4.28) from the previously announced NZ$6.75 (US$4.63).
A new make-your-own nut-based milk alternative is hitting the market this month. Modest Mylk is a nut paste sold in glass jars designed to blend with water into a ‘milk-like’ beverage, which the company says is more sustainable and affordable than conventional...
‘Australian supermarket wars could put half of suppliers out of business’
Exactly eight years ago, Australian supermarkets began selling a liter of milk for one dollar (72 US cents). As farmers are getting ready for Australia Day anniversary, the industry continues to reel.
SIG has launched Plant 360 Controller a digital monitoring and control system to meet ‘Smart Factory’ Industry 4.0 demands optimizing every part of filling plant operations.
