Nestle today (19 September) unveiled a plan to invest MXN700m (US$52.9m) over the next six years to increase milk production in Mexico.

Nestle is Mexico’s third-largest milk buyer. The company said  it will spend MXN400m to finance production and infrastructure. Another MXN300m will be invested in providing “technical assistance” in the milk and whey supply chains, Nestle added.

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The Swiss food group said the move was part of its global drive to form closer ties with farmers in a bid to “understand the practical problems” that impact their business – and ultimately Nestle’s own business – over the long term. 

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