News & Analysis on the Dairy Industry & Markets
The emergency decree passed late last month by the Italian government in a bid to save dairy giant Parmalat from collapse looks set to win support from the European Commission on the back of guarantees that there will be no state bail-out for the company.
Tetra Pak has launched an internal enquiry following claims by a former Parmalat executive that the world's largest packaging group made payments directly to the accounts of Parmalat's owners, the Tanzi family.
Uncertainties over milk purchasing levels and payments caused by the financial crisis at dairy giant Parmalat is forcing southern European farmers into a race to secure guaranteed sales that may quickly put pressure on milk prices.
US food giant Cargill is launching its new soy isolate, Prolisse 500, across Europe, in response to growing demand for soyfoods and high protein products.