Latest News in the food Industry
Dairy
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
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
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
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
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
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
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
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
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
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
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"
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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