China’s demand for dairy imports look set to grow for at least the next two years, while its local milk production struggles under structural change in the supply chain.
New Zealand’s prime minister, John Key, must be laughing on the inside following the friendly advice given to him earlier this week by the Chinese premier and broadcast by state media.
Canadian dairy giant Saputo has signed a deal that could see it acquire a 100% stake in dairy processor Warrnambool.
Danone has confirmed that it is seeking around €200m ($270m) in compensation from Fonterra to cover the costs associated with the infant formula product recalls it ordered in response to the New Zealand-based dairy exporter's recent whey protein concentrate (WPC) botulism scare.
Irish dairy giant Glanbia has pinpointed infant formula-hungry Asia as “a key market” as it continues its preparations for the abolition of the European Union (EU) milk quotas.
Fonterra has announced the appointment of a new head for its Asia-Pacific, Middle East & Africa business unit.
Fonterra has denied it has “any legal liability” to Danone in relation to its recent whey protein concentrate (WPC) contamination scare, despite being in talks with the French dairy giant over the possible payment of compensation.
Cargill says it is diversifying its carrageenans portfolio in both location and species to combat the associated supply risks of the texturing ingredient derived from seaweed.
While the world’s five biggest dairy players continue to maintain a firm hold on their positions for another year, Rabobank’s annual survey into the industry’s top 20 giants is notable for the ongoing rise of Chinese players and the slippage of US companies in 2013.
Slowing dairy sales growth in Brazil and India during Q2 2013 means that reforms and infrastructure upgrades are likely necessary to reignite such emerging markets, according to Rabobank.
With dwindling domestic supplies, China’s move to buy up huge quantities of milk from international markets is having a significant impact on buyers in other countries, while also bolstering dairy prices across the world.
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As one of the world’s largest-volume dairy markets, India is often forgotten, but now specialist agricultural bank Rabobank believes the time has come for global players to start investigating the market's potential.
Russia has lifted the temporary import and distribution ban imposed on Fonterra dairy products following the New Zealand-based dairy cooperative's decision to recall three batches of whey protein concentrate (WPC) potentially contaminated with botulism-causing Clostridium botulinum.
Chinese food giant Bright Food Group is poised to begin negotiations for a deal to buy Tnuva Food Industries, Israel’s largest food company.
New Zealand research organisation AgResearch has moved to distance itself from Fonterra's decision to recall three batches of whey protein concentrate (WPC), rubbishing claims that it "confirmed the presence" of Clostridium botulinum in the product.
Raisio has just launched its Benecol yogurt drinks line in Hong Kong, its latest push to broaden its reach in the emerging Bric markets. Wing Kee Produce will act as the Finnish company’s local distributor.
Fonterra, New Zealand and the Sri Lankan government have met to “discuss progress in resolving” the recent issues that led to the closure of all Fonterra Brands Lanka faculties last month.
Danone is reviewing its “recourse and compensation options” in relation to the Fonterra whey protein concentrate (WPC) botulism alert that led it to pull potentially-affected infant formula products from shelves in eight countries.
New Zealand officials have launched a charm offensive on two of the countries where the Fonterra fallout has been most widely felt.