FrieslandCampina made two announcements last week that it was re-jigging its European operations, demonstrating it was well on its way to ri...
After reporting a slump in Fonterra's annual profits this week, CEO Theo Spierings was at pains to tell the market the global dairy market w...
New Zealand dairy giant Fonterra has joined with the Australian science agency, the Commonwealth Scientific and Industrial Research Organisa...
Arla Foods is wise to invest in its whey protein production capacity. However, the company is far from alone in pursuing this strategy, with...
New Zealand dairy giant Fonterra has increased its focus on emerging economies as the battle among global dairy companies for a share of high-growth markets in Asia, the Middle East and Latin America intensifies. This strategy has proven fruitful, with emerging markets making a sizeable contribution to group revenues and offering scope for future growth. just-food's Jonathan Dyson spoke to Fonterra CFO Jonathan Mason in Auckland yesterday (27 March) about how the world's leading dairy exporter plans to exploit this opportunity.
How to source palm oil is vexing the minds of many in the food industry. Growing consumer awareness of the links between palm oil, deforestation, the threat to wildlife and products on supermarket shelves is encouraging manufacturers and retailers to look for sustainable sources. However, only a few have grasped the nettle and, as Adam Harrison, senior food and agriculture officer for the WWF tells Dean Best, the industry needs to do much, much more - and quickly.
Sri Lanka has removed the suspension it placed on the sale of batches of Fonterra milk powder after a health scare.
Sri Lanka has suspended the sale of three batches of Fonterra's Anchor milk powder after complaints from customers.
Tesco's admission it had over-stated profits stunned the market on Monday, the latest chapter in a troubling period for the UK's largest retailer.
This week Tesco found itself under more scrutiny after it overstated expected profits for the first half of the year by GBP250m. Fonterra and Diamond Foods both reported a slump in annual profits but were optimistic about their prospects. Elsewhere Fyffes, Chiquita and Cutrale and Safra continued to go at each other as the former two announced a revised deal for shareholders if they were to merge. Here is the week in quotes.
Fonterra saw annual earnings fall by more than three-quarters on the back of rising costs, with the world's largest dairy exporter lowering its forecast farmgate milk price for the new financial year.
The true impact of the Fonterra milk scare and the subsequent recall looks like it is surfacing, after Danone's subsidiary Nutricia announced a supply shortage in Australia and New Zealand.
It's been a tough last year for Fonterra and the repurcussions don't appear to have stopped. The firm reported a 53% loss in profits for the first six months of its financial year yesterday attributing the losses to margins being squeezed by higher commodity prices.
- Focus: Will Danone return to growth in dairy?
- Why Nestle is relaxed about the China "drag"
- Comment: Paying the price for eating healthily
- Focus: Why French retail deals could hit suppliers
- M&A Watch: Emmi shareholders should consider sale
- SIAL 2014: Premier in talks over US manufacturing
- Danone "eyes acquisition of Mead Johnson"
- Symington's acquires Tanfield Foods
- Heinz silent over Polish factory expansion talk
- Kellogg, Nestle slammed for "chaotic" salt policy