The USDA has plans to purchase approximately 11 million lbs. of cheese from private inventories to assist food banks and pantries across the nation, while reducing a cheese surplus that is at its highest level in 30 years.
RPC, which makes rigid plastic packaging for the food, dairy and beverage market among others, is set to acquire British Polythene Industries (BPI) for £261m ($379m), in August, subject to regulatory clearance.
Decreasing global dairy prices, dry conditions and high input costs are tightening margins for Australia’s dairy farmers, and reducing national milk production, according to the latest Situation and Outlook report from Dairy Australia.
Chinese infant formula manufacturer Biostime International Holdings has entered into a Framework Agreement with Isigny Sainte Mère (ISM) to finance an expansion of the French firm’s infant formula production capacity.