The details of the Trans-Pacific Partnership trade deal have been released and, speaking to dairy industry representatives and analysts acro...
New Zealand dairy giant Fonterra reversed its first-half profit drop to report a massive jump in full-year earnings yesterday (24 September)...
The easing of decade-long economic sanctions on Iran lifted could open a potentially attractive market for international food makers, with access to a population of 80m consumers, a majority of which is under 35 and increasingly on the lookout for branded goods. However, establishing a foothold is unlikely to be straightforward. Hannah Abdulla reports.
Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the impact of China's recent economic slowdown is affecting companies in our sector.
E-commerce has rapidly emerged as a key battleground for multinational infant formula manufacturers in China. In a category that has come under recent pressure, changing consumer patterns and a shift in the way people shop in the country has resulted in the mass migration of Chinese infant formula purchases to online channels. Katy Askew looks at how this fast-paced sector is developing.
FrieslandCampina made two announcements last week that it was re-jigging its European operations, demonstrating it was well on its way to right-sizing its business. This week it announced it had struck a deal to grow its presence in China's infant formula market. Given the country is in the midst of lifting its one-child policy, this latest move from the Dutch dairy giant could prove fundamental to its growth, fast-tracking it to hitting its route2020 targets. Hannah Abdulla explores.
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.
New Zealand dairy cooperative Fonterra said it has adopted a new standard for sourcing palm products as part of its commitment to sustainability.
Fonterra has issued a forecast for "solid" earnings per share for the dairy giant's 2017 financial year, although the company conceded its estimate for the farmgate milk price it will pay farmers means suppliers face a "challenging season".
A joint research project to help dairy farmers has been launched by Sri Lanka's University of Peradeniya's Faculty of Agriculture, Fonterra Brands and the Coconut Research Institute (CRI).
New Zealand dairy giant Fonterra has established a global consumer and foodservice business unit as it works to grow in these sectors internationally.
Fonterra, the New Zealand dairy giant, is trialling an e-commerce launch of its Tip Top ice cream in China.
Fonterra has rebuffed talk CEO Theo Spierings may step down from the helm of the world's largest dairy exporter.
Chinese infant formula maker Beingmate plans to invest CNY50m (US$7.6m) in a new R&D subsidiary, Beingmate (Hangzhou) Food Research Institute Co.
Dairy Crest, the UK dairy group, has said it will focus on growing its branded sales and accelerating revenue from demineralised whey and galacto-oligosaccharide (GOS) ingredients this year.
Fonterra, the New Zealand dairy co-operative, has launched a global foodservice brand, Anchor Food Professionals.
Fonterra, the New Zealand dairy co-operative, said today (23 March) its strategy of "moving milk up the value chain" delivered a jump in earnings for the first half of its financial year.
Fonterra has announced the closure of a cheese plant in the New Zealand town of Kaikoura.
Fonterra has launched its Anmum infant formula, sold in markets in Asia, into its domestic market of New Zealand.
Fonterra confirmed that it has started worker consultations at its production facility in Kaikoura over proposals to permanently close the site.
A report commissioned by the New Zealand government has rejected the possibility of deregulating the country's dairy sector, insisting there is "not sufficient competition".
This week Fonterra announced it was selling its yoghurt and dairy business in Australia to Parmalat, Chinese fruit groups Golden Wing Mau and Joyvio announced a merger and UK meat group Dunbia confirmed it was mulling options for the business. Belgium's Lotus Bakeries bought UK snacks group Urban Fresh Foods, its second deal in the country in four months and, looking to next year, we analysed the prospects for the BRIC markets in 2016. Here is the week in quotes.
Belgium's Lotus Bakeries this week struck its second piece acquisition in the UK in four months, with a deal to buy Bear snacks owner Urban Fresh Foods. Our M&A pages also included news Fonterra is selling its Australian yoghurt business to Lactalis's Parmalat and Ornua is offloading US distribution asset DPI. Elsewhere, the Russian central bank said domestic producers had, in most categories, failed to meet the shortfall in production from Moscow's import restrictions on the west.
Fonterra is to offload its yoghurt and dairy desserts business in Australia to Parmalat, the Italy-based group owned by France's Lactalis.
Fonterra has joined forces with Egyptian company Sakr Group to launch Anchor butter in the local market.
This week, McCormick & Co. announced the appointment of Lawrence Kurzius to the position of CEO. Post Holdings was reportedly eyeing the packaged food arm of Bob Evans Farms. Elsewhere, the CEO and chairman of The Greenery quit amid clashes with the supervisory board. And we published the second part of our interview with Ritter chairman Andreas Ronken. Here is the week in quotes
Fonterra is pumping NZ$141m (US$94m) into building a cheese production plant at its Stanhope factory in Australia.
Fonterra and Australian baby food maker Bellamy's Australia have announced an agreement to produce a range of baby nutritional powders.
US group ConAgra Foods, fresh from agreeing to sell the bulk of its own-label business, set out plans to split its remaining operations in two. Staying in the US, Glanbia struck a deal to buy protein foods maker ThinkThin, while local distributor Pompeian Group is to merge with Spanish olive oil co-op DCOOP. Olive oil was under scrutiny in Italy, where a clutch of products face a regulatory investigation over claims products are being mis-sold as extra virgin olive oil.
Rabobank's annual league table of the world's largest dairy companies has been released - and the data underlines what a challenging market it has been in recent months.
New Zealand dairy giant Fonterra hopes to use the know-how of its farmer owners in order to scale up in emerging dairy markets such as Sri Lanka.
Other Dairy in New Zealand
While cream and condensed milk led Other dairy in 2015 with 3% and 2% value growth respectively, the other categories remained stagnant in 2015....
Yoghurt and Sour Milk Products in New Zealand
Toward the latter part of the review period, there was an increase in the number of frozen yoghurt franchises operating in New Zealand....
Global Soy and Milk Protein Ingredients Market 2015-2019
Due to rising obesity and other health concerns, consumers are moving toward a heathy diet. Soy and milk protein ingredients are the key ingredients in the overall protein market....
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