Irish cooperatives Lakeland Dairies and LacPatrick Dairies have reached agreement to merge following the unanimous approval of the boards of both cooperative societies who are recommending the proposed merger to their respective shareholders.
Nestlé dominated the food brand rankings, according to a new report by independent brand valuation and strategy consultancy Brand Finance, however the growth of Chinese dairy company Yili has been impressive.
International nonprofit GRAIN has revealed that the world’s top 10 dairy companies emitted roughly 231Mt (million tons) of CO2 in 2016, the equivalent of half of France’s total GHG footprint and a quarter of the emissions emitted by Germany.
US milk consumers sought preliminary approval from a California federal judge for a $52m settlement in an antitrust suit alleging that US dairy companies paid dairy farmers to kill cows in order to artificially raise prices.
Dairy companies that want to capitalize on a growing global market will need to tap into emerging markets across the world, according to a presentation from McKinsey & Company at the 2016 IDFA Dairy Forum.
Monsanto has found a buyer for its bovine somatotropin growth hormone, despite growing concern in the US over the use of such products in dairy cattle, as manufacturers continue to face commodity price uncertainty.
Chinese dairies need to invest more in R&D to capitalise on
future growth in added value products like milk drinks, cheese and
yoghurts, advises a new report from consultants McKinsey.
