Fonterra faces "serious global implications" unless it learns from the mistakes that led to the recent whey protein concentrate (WPC) botulism scare, the committee overseeing an independent investigation into the incident has claimed.
Mead Johnson Nutrition has revealed that the US Securities and Exchange Commission (SEC) is probing “certain expenditures” relating to the promotion of infant formula products by its business in China.
The Indian dairy industry - already the world's biggest for milk - is predicted to double in size by 2020, if new figures are to be believed.
An investigation into Fonterra's buttermilk disposal practices has been launched in New Zealand in response to concerns about the size of a dumping site dubbed the 'Lake of Buttermilk'.
Murray Goulburn has challenged Canadian giant Saputo’s attempted acquisition of Warrnambool Cheese and Butter (WCB) with an offer that, if accepted, would create one of the largest Australian food and beverage firms.
The world’s biggest dairy company, Fonterra, believes that global foodservice growth is being driven by the emerging Asian markets, where it estimates the category will increase at around 13% per year until at least 2016.
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.
Warren Buffett famously once warned: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
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.
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