New Zealand dairy giant Fonterra Co-operative Group has cut the current season forecast Farmgate milk price to $4.40 per kilo of milk solids (kgMS) after the increase in global commodity prices failed to meet the required expectations. ...
Tags: Fonterra, Farmgate Milk Price
Warrnambool Cheese and Butter Factory (WCB), a subsidiary of dairy giant Saputo, has completed the previously announced acquisition of Lion Dairy & Drinks' (LDD) everyday cheese business (EDC Business) for A$137.5m ($107.3m). The ...
World Health Day 2015 focuses on food safety The World Health Organisation (WHO) has dedicated World Health Day 2015, which it is celebrating today, 7 April 2015, to highlighting the challenges and opportunities associated with food ...
Tags: food safety, Food production, Food
Fonterra enters partnership with Chinese infant formula manufacturer New Zealand-based dairy giant Fonterra has confirmed that it has acquired an 18.8 per cent share in leading Chinese infant formula manufacturer, Beingmate Baby & ...
Fonterra expands with new plant in the Netherlands New Zealand-based dairy giant Fonterra Co-operative Group Limited (Fonterra) has commissioned its new dairy ingredients plant in Heerenveen, in the north of the Netherlands. The ...
Tags: Agriculture
Earlier in December 2014, Australian Food News reported that food manufacturing was one of four manufacturing sub-sectors to expand in November 2014, according to the Australian Industry Group Australian Performance of Manufacturing Index ...
Tags: Food, Beverage, Agriculture
Dairy and meat industry boost from new China FTA deal A new Free Trade Agreement (FTA) has been finalised between Australia and China, with the Australian dairy and meat industries expected to benefit. Australian Prime Minister Tony ...
Tags: Dairy Industry, Meat Industry, Agriculture
Fonterra to develop third dairy farm hub in China New Zealand-based global dairy giant Fonterra Co-operative Group Ltd (Fonterra) has announced it has signed an agreement with US pharmaceutical and health care company Abbott Laboratories ...
Tags: Fonterra, a proposed dairy farm hub, Food
Canadian dairy giant Saputo is seeking acquisitions across the US, Canada, Latin America and Australia, in a move to expand its footprint. The potential acquisitions in the US are expected to cost around C$4bn ($3.65bn), while Canadian ...
Tags: Agriculture, Food, dairy, Cheese, Butter
Woolworths has announced new long-term milk supply contracts Australian supermarket giant Woolworths has announced two new 10-year milk contracts across Australia that it says "will give dairy farmers and processors more certainty to ...
Tags: Milk, Agriculture, Food
Major Western Australian dairy processor and fruit juice manufacturer Harvey Fresh has been sold to Italian dairy group Parmalat for about $117 million. Parmalat's Australian subsidiary is one of Australia's major manufacturers of dairy ...
Tags: Agriculture, Food, dairy products, milk, yoghurt
Canadian dairy giant Saputo has closed its unconditional all-cash takeover offer for Warrnambool Cheese and Butter (WCB) and now holds 87.92% share in the Australian firm. The company stated that going forward it will work closely with ...
Tags: Saputo, Unconditional Takeover
Another major Australian milk supplier gets snapped up The sale of privately-owned dairy giant United Dairy Power to Hong Kong businessman William Hui is locked in, according to Stock & Land. It was reportedly sold for around $70 ...
Tags: Australian milk, Caboolture Cheese, shredded Mozzarella
Vinamilk, a Vietnam-based dairy company, has secured an overseas investment certificate from the Vietnamese government to construct a milk factory in the capital of Phnom Penh, Cambodia, with an investment of $23m. The company will hold ...
Tags: dairy, Milk Facility
New Zealand-based dairy giant Fonterra has confirmed that Paris-based dairy company Danone has formally initiated legal proceedings against Fonterra. The action by Danone stems from the whey protein concentrate (WPC) precautionary recall ...
Tags: Fonterra, Danone, initiated legal proceedings, whey protein concentrate