Latest News in the food Industry
Dairy
Fonterra loses $NZ600m+, alters course
30 Sep 2019
Fonterra has announced its FY19 annual results, the final milk price for the 2018/19 season, its refreshed strategy and changes to its operating model and management team.
Read moreCP Kelco ups pectin production by 15%
18 Sep 2019
CP Kelco has announced that it will increase pectin production capacity by about 15% at its Lille Skensved, Denmark, facility in response to continued global demand for the product.
Read moreArla enters Nigeria partnership
18 Sep 2019
In a new public-private partnership in Nigeria, farmer-owned Arla Foods says it is committing to further development of a long-term sustainable dairy industry and local dairy sector in Nigeria by helping 1,000 small scale farmers create better liveliho...
Read moreTINE "will undergo significant changes"
10 Sep 2019
TINE, Norway's largest producer, distributor and exporter of dairy products with 10,000 members (owners) and 8,000 cooperative farms, says it will undergo significant changes over the next three years.
Read moreDMK, Volac dissolve JV
9 Sep 2019
German dairy cooperative the DMK Group and the UK’s Volac have announced that they will bring their joint participation in DV Nutrition to an end, subject to receiving relevant approvals.
Read moreArla gets GRAS approval for Lacprodan ALPHA-10
5 Sep 2019
Arla Foods Ingredients has obtained Generally Recognized as Safe (GRAS) approval relating to its use of alpha-lactalbumin in infant formula.
Read moreArla reports results, sees "rare stability"
2 Sep 2019
Arla has reported that the first half of 2019 saw a rare stability in the otherwise volatile global dairy market, resulting in stable prepaid milk prices to farmer owners across Europe.
Read moreHochdorf "in crisis"
21 Aug 2019
Swiss nutrition company Hochdorf says it is facing a serious crisis. The company performed significantly worse than expected in the most recent reporting period, which was mainly due to the negative performance of its 51% subsidiary Pharmalys, resultin...
Read moreNestlé continues to lead Global Dairy Top 20
15 Aug 2019
Rabobank has issued its 2019 Global Dairy Top 20 report. In 2018, it says, lower commodity prices, adverse weather conditions in key export markets, a strong US dollar and currency shifts have affected the combined turnover of the Global Dairy Top 20 c...
Read moreInnova sees changes in US yogurt market
14 Aug 2019
Over half of all U.S. consumers now buy yogurt as part of their typical grocery basket, according to a new report from Innova Market Insights, but their habits appear to be evolving.
Read moreFonterra takes NZ$800+ million write-down
13 Aug 2019
Fonterra has reconfirmed its underlying earnings guidance for the 2019 financial year that ended on 31 July 2019 (FY19), announced a final decision on its full-year dividend for FY19, and provided further information on some significant adverse one-off...
Read moreFonterra trying to downgrade Beingmate relationship
9 Aug 2019
Fonterra has announced its intention to sell a portion of its stake in Beingmate Baby & Child Food Company, which is currently a shareholding of 18.8%.
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