Latest News in the food Industry

Dairy

Fonterra raises milk price

Fonterra raises milk price

30 Aug 2016

Fonterra has increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS, noting that current global milk prices remain at unrealistically low levels, but have started to improve.

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Fonterra invests $6.2m in spreads

Fonterra invests $6.2m in spreads

29 Aug 2016

Fonterra Australia says it continues to invest in the future of Australian dairy, with a $6.2 million investment to expand the coolroom at its Cobden Spreads plant, home of its Western Star brand.

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Arla raises milk price

Arla raises milk price

29 Aug 2016

The Arla Foods amba on-account price for conventional milk will increase by 1.25 eurocents per kilogramme (1.01pence per kg), from 1 September.

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USDA buys 11 million pounds of cheese

USDA buys 11 million pounds of cheese

26 Aug 2016

The U.S. Department of Agriculture (USDA) has announced plans to purchase approximately 11 million pounds of cheese, valued at $29 million, from private inventories to assist food banks and pantries across the nation.

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Dairy alternatives to reach $35 billion

Dairy alternatives to reach $35 billion

26 Aug 2016

The dairy alternatives market is expected to reach $35.06 billion by 2024, according to a new report by Grand View Research, driven by rising consumer awareness of health issues and increasing cases of lactose intolerance.

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Arla launches breakfast campaign

Arla launches breakfast campaign

24 Aug 2016

Arla Foods UK has launched a major new breakfast campaign as part of its £100 million commitment to support healthier eating among consumers.

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Nestlé in line with expectation

Nestlé in line with expectation

22 Aug 2016

Nestlé has reported sales of CHF 43.2 billion with 3.5% organic growth and 2.8% real internal growth for 1H16. Trading operating profit margin was 15.3%, up 30 basis points; and underlying earnings per share were up 5.7%.

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Arla launches foodservice ingredients

Arla launches foodservice ingredients

17 Aug 2016

Arla Foods Ingredients has announced a new range of clean-label, dairy-based solutions for the foodservice sector which it says make it easy for food companies to develop and supply foodservice products that are natural, healthy, convenient and stable.

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Fonterra maintains Farmgate Milk Price

Fonterra maintains Farmgate Milk Price

5 Aug 2016

Fonterra has announced a forecast earnings per share range for the 2017 financial year of 50 to 60 cents. The forecast Farmgate Milk Price has been maintained at NZ$4.25 per kilogram of milk solids (kgMS).

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Dairy Crest raises milk price

Dairy Crest raises milk price

4 Aug 2016

Dairy Crest has announced a 1ppl increase to its milk price from 1 September 2016, meaning that the Davidstow core milk price will be 22.72ppl.

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Danone reports sales growth

Danone reports sales growth

2 Aug 2016

Danone has reported “solid” half year 3.8% sales growth (4.1% for the quarter) and a 13.37% uplift in recurring operating margins together with 13.5% EPS growth.

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Arla: toddler products an opportunity

Arla: "toddler products an opportunity"

28 Jul 2016

Products formulated for toddlers with nutrition-rich dairy ingredients represent a major untapped opportunity for food and beverage brands, according to Arla Food Ingredients.

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