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The dairy giant’s CEO said prices for protein ingredients “have really taken off” as demand rises.
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Almost 500 people have fallen ill from salmonella linked to eggs imported into the UK, the country’s health officials say.
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Berglandmilch is in discussions with local rival Obersteirische Molkerei.
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The company now sees its annual net sales rising 1-2% on an organic basis, versus its earlier growth forecast of 1-4%.
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Why are dairy processors in the US willing to bet billions of dollars on new capacity right now?
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For Applied Nutrition’s 2027 fiscal year, revenue and adjusted EBITDA are forecast to be above current consensus but higher whey protein costs are expected to hit margins.
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The sale of the Australia-based dairy business has been approved by China’s Mengniu Dairy.
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The Chicago-based group said the deal “strengthens its position” in the cookie and baked bar categories.
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