News & Analysis on the Dairy Industry & Markets
Fonterra looks set to axe around 300 jobs at its corporate offices following a review of its support services – a move the New Zealand-based dairy exporter expects will yield savings of around NZ$65m (US$51m, €40m) per year.
In the midst of an investigation into the pricing practices employed by it and other infant formula manufacturers in China, Biostime has admitted that the terms of its agreements with distributors “may” have broken anti-trust laws.
Nestlé has unveiled the CHF 12.9m ($13.3m, €10.4m) expansion of its Carnation brand evaporated milk manufacturing facility in the Dominican Republic.
US COMMODITIES CORNER
US cheese and butter inventories remained high last month, driving down the overall price of the commodities. If not reduced, these stocks will "weigh heavily" on future dairy prices, US dairy commodities expert and MilkPrice blogger John Geuss has warned.
Levels of iodine and other essential trace elements, including zinc and selenium, are lower in organic milk than in conventionally-produced milk, a team of Spanish researchers has discovered.