Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the...
Rising incomes in Latin America have led to a burgeoning yoghurt sector in a number of markets, attracting the likes of Danone, Fonterra and...
| 28 May 2015
Rising incomes in Latin America have led to a burgeoning yoghurt sector in a number of markets, attracting the likes of Danone, Fonterra and Nestle. However, with competition intensifying, with the macro-economic landscape mixed and with consumers showing an interest in moving to "better for you" options and different ways of consuming yoghurt, innovation will be key to help manufacturers stay ahead. Hannah Abdulla explores.
| 10 Oct 2014
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.
| 30 Sep 2014
India's poor road network and lack of investment in cold chain infrastructure have long challenged the country’s dairy industry, highlighting the value for companies of undertaking the tough task of establish their own milk collection.
| 26 Sep 2014
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 will remain erratic. However, the head of the world's largest dairy exporter also outlined how the group plans to ride out changes in supply of and demand for milk.
| 28 Mar 2013
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.
| 29 Oct 2009
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.
| 17 Jul 2015
Fonterra this week announced plans to cut over 500 jobs as it adjusts to a slump in prices of dairy commodities, caused in part by falling demand in China. And Mead Johnson this week lowered its forecast for annual profits, with the slowdown in China's economy a factor.
| 17 Jul 2015
The issue of sugar intake returned to the fore this week with a UK panel calling for official guidance on daily consumption to be halved. Fonterra announcing a different kind of cut, with over 500 jobs to go at the dairy exporter. China is a factor in the New Zealand group's decision and the country's easing growth is affecting a number of food multinationals. This week, infant formula manufacturer Mead Johnson cut its profit forecast on the back of challenges in emerging markets including China.
| 16 Jul 2015
Fonterra is to cut 523 jobs, the first publicly-announced result of the dairy co-operative's review of its business.
| 2 Jul 2015
New Zealand dairy cooperative Fonterra has commenced a process of worker consultations as it looks to boost efficiency across and streamline its business structures.
| 30 Jun 2015
Fonterra said that production of the new dryer installed at its Pahiatua site, on New Zealand's North Island, is expected to commence next month.
| 12 Jun 2015
This week, Fonterra confirmed it would be axing jobs as part of a review in response to the "volatile" dairy trading environment at present. Campbell acquired Garden Fresh Gourmet as it looks to extend its presence in the packaged fresh category. Elsewhere, Raisio announced it was launching Benecol into China and the US House of Representatives voted to scrap meat labelling laws. We also took an in-depth look at Bel Group's investment in Moroccan dairy Safilait.
| 11 Jun 2015
Fonterra CEO Theo Spierings has said the global volatility the dairy industry is experiencing is "the new normal".
| 10 Jun 2015
Fonterra is reportedly set to axe "hundreds" of jobs as part of a major review.
| 29 May 2015
This week, Hormel Foods announced it was acquiring US natural and organic meat processor, Applegate Farms. In the UK, scrutiny over campylobacter continued with the Food Standards Agency revealed 73% of shop-bought chickens are contaminated with the food poisoning bug. Here is the week in quotes.
| 28 May 2015
Fonterra has once again cut its forecast for farmgate milk prices on the back of lower than expected global commodity prices.
| 21 May 2015
The New Zealand government has requested a probe into competition in the country's dairy market.
| 14 May 2015
Fonterra is eyeing global exports for mozzarella cheese, after completing work on a new plant at its Clandeboye site in New Zealand.
| 11 May 2015
This week, Kellogg reported its first-quarter results and, despite sales and profits being down, CEO John Bryant said the firm was on the right track. Elsewhere, Mondelez International took steps to bolster its e-commerce efforts, announcing a tie-up with technology firm ChannelSight. Dean Foods announced it was bringing its 31 milk brands under one label, a move we analysed to find out whether it could put the dairy maker back on the road to recovery after a string of loss-making quarters. Here is the week in quotes.
| 11 May 2015
Kellogg reported its first quarter results and despite sales and profits being down, CEO John Bryant said the firm was on the right track. We took a look at the Chinese milk market which revealed the importance of international dairies in its future. Lactalis swooped to acquire a majority holding in Yildiz Holding's AK Gida. And we explored what UK supermarket Sainsbury's latest loss and plan to cut prices would mean for suppliers. Here are the highlights from just-food this week.
| 7 May 2015
Fonterra is launching organic milk under its Anchor brand in New Zealand.
| 1 May 2015
Mondelez International reported on its first-quarter results this week (1 May) and the group was eager to emphasise its performance in China, which was stronger than many multinational peers. Nestle is a company facing its own challenges in China and we analysed how the appointment of CFO Wan Ling Martello to head up its Asia unit can boost the group's outlook in the market. Elsewhere, we spoke to Gardein founder and CEO Yves Potvin as well as learning about Muller Wiseman's plans to launch a liquid milk brand in the UK. Here are the highlights from just-food this week.
| 30 Apr 2015
Fonterra, the world's largest dairy exporter, has said "significant volatility" is expected to shape global dairy commodities prices due to oversupply and ongoing geopolitical instability around the world.
| 21 Apr 2015
China-based infant formula manufacturer Beingmate is to buy 65% of a subsidiary of local dairy products company Meilijian Group.
| 14 Apr 2015
Fonterra has said rain is needed for its New Zealand farmer suppliers to maintain milk production levels in line with last year.
| 27 Mar 2015
One story dominated the headlines this week - the plans by Heinz and Kraft Foods Group to join forces and create the world's fifth-largest food and drinks group. Elsewhere, French co-ops Agrial and Eurial said their plans to combine their dairy businesses had been put on hold. There was also sad news from the French food sector with news of a fatal explosion at desserts firm Senagral.
| 27 Mar 2015
The mega-merger between HJ Heinz and Kraft Foods Group took the US sector by storm this week. Elsewhere, ConAgra's results continued to show the cracks and Fonterra lowered its outlook on milk pricing. Here is just-food's week in words.
| 25 Mar 2015
Fonterra, the world's largest dairy exporter, said sales plunged 14% in first half.
| 14 Nov 2014
Australian mining billionaire Gina Rinehart is reportedly looking to tap into rising demand in China for premium infant formula.
| 24 Apr 2014
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.
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