Latest News in the food Industry

5 Sep 2016

FrieslandCampina saw profits plummet by 16.7% over the first half-year 2016 to €160 million compared to the same period in the previous financial year as basic dairy products were produced that had to be sold below cost.

2 Sep 2016

A sparkling milk and fruit drink, a milk and tea drink and an energy drink rich in protein are all part of Arla’s new ambition to triple its business outside standard liquid milk in the global beverage market.

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.

30 Aug 2016

Arla Foods has released its 2016 half-year results announcing strategic branded sales grew 6.1% in the first half of 2016, although decreasing market prices in Europe negatively affected revenue to €4.9 billion, a decrease of 5.3%.

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.

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.

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.

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.

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.

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%.

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.

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).