Milk production is expected to accelerate worldwide especially in India where it will grow 49% by 2026, contrasting with the steady decline of milk consumption in developed markets like the US, according to the OECD-FAO Agricultural Outlook 2017-2026.
Danone issued its fourth quarter and annual results for the year ending December 31, 2015 today, showing growth in most areas of its business worldwide.
The continuing recovery of Danone’s infant formula business, impacted by the 2013 Fonterra whey protein concentrate (WPC) botulism scare, has “buoyed” the French dairy's Q3 results.
Danone has announced plans to close factories in Italy, Germany and Hungary, in its latest effort to offset the impact of "flagging" European fresh dairy product sales.
Danone has issued a profit warning for 2013 to account for the impact of Fonterra's recent whey protein concentrate (WPC) botulism scare, which the French dairy giant has claimed cost it around €170m ($230m) in sales.
Danone, the world's leading dairy producer, has announced plans to
work alongside a local counterpart Dutch Mill Co. to distribute and
manufacture a range of fresh dairy products within Thailand.
Groupe Danone's growing interest in the Algerian dairy market
underlines the importance of the North African / Middle East region
to European milk processors.
Dutch dairy co-operative Campina has got clearance from Russian
authorities to expand its dairy drinks production in Moscow as
demand for fresh dairy soars.