With significant question marks over the growth prospects of three of the BRICs, packaged food strategists are weighing up which other emerg...
The details of the Trans-Pacific Partnership trade deal have been released and, speaking to dairy industry representatives and analysts acro...
With significant question marks over the growth prospects of three of the BRICs, packaged food strategists are weighing up which other emerging markets could offer opportunities. Hannah Abdulla picks out three markets to watch in 2016.
Indonesia's dairy market has enjoyed solid expansion in the last decade. With China's economy cooling, more attention is being paid to other markets in south-east Asia, suggesting Indonesia could become of growing interest. However, the country has seen its own economic slowdown and its dairy sector has a series of significant challenges to surmount. Dean Best reports.
Indonesia has become one of the world's largest markets for infant formula by volume, supported by demographic trends such as a large – and young – population. However, the country's economic situation means selling prices are low. Meanwhile, poor sanitation and high poverty levels leave infant formula makers in a very precarious position, with their products linked to infant mortality. Katy Askew looks at the potential and pitfalls of selling infant formula in Indonesia.
Indonesia is south-east Asia's largest consumer market and is central to the growth strategy of many an international packaged food manufacturer eyeing or operating in the region. However, Indonesia's economy has slowed in recent years, hitting consumer spending, while there are concerns over issues from infrastructure to regulation. just-food gives a run-down of the issues in Indonesia strategy executives need to consider.
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.
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.
Fonterra has announced plans to sell its 50% stake in its US joint venture with Dairy Farmers of America.
Dairy giant Fonterra, which has been cutting jobs in a bid to generate savings and improve its performance, has made a further wave of redundancies.
Fonterra, the world's largest dairy exporter, has lifted its forecast range for earnings per share amid what it called "the ongoing improvement" in its performance.
Fonterra has doubled its production capacity of the "high value" ingredient lactoferrin.
Beingmate Baby & Child Food Co., the Chinese infant formula producer, has booked a nine-month loss of CNY215.9m (US$34.2m), with sales down by more than 23%.
Fonterra has confirmed the sale of its nine percent stake in Bega Cheese in a bid to focus its investments on more value add products.
Fonterra, the New Zealand dairy giant, has set up a site in China to develop products to supply foodservice customers in the country.
This week the World Health Organization confirmed findings of a link between processed meat consumption and colorectal cancer - sparking fierce debate in and around the industry. Elsewhere, Snyder's-Lance agreed a deal to buy Kettle Chips owner Diamond Foods for US$1.91bn. And just-food interviewed Bonduelle CFO Gregory Sanson, who hinted at the firm's renewed ambitions for M&A. Here is the week in quotes.
Chinese infant formula maker Beingmate has announced it is entering into a joint venture with South Korea's Maeil Dairies.
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.
Australian mining billionaire Gina Rinehart is reportedly looking to tap into rising demand in China for premium infant formula.
Fonterra Brands (NZ) Ltd in Packaged Food (New Zealand)
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