Singapore-based agricultural group Olam International has announced the resignation of its CFO Krishnan Ravi Kumar. Kumar, who is leaving to "pursue a new career outside the agri-commodity sector", will be replaced by Shekhar ...
Tags: agricultural group Olam, CFO Krishnan Ravi Kumar, Titanium Holding
Parmalat has confirmed its full-year growth targets after booking an increase in first-half profits. The Italian dairy group, in which Lactalis owns a majority stake, recorded earnings of EUR82.5m (US$101.6m) in the six months to end of ...
Speech by the Chairman of the Autonomous Region Inner Mongolia Autonomous Region (IMAR), situated in the northern border area of China, possesses unique regional advantage and consummate infrastructure. With abundant resources it enjoys ...
Tags: IMAR, survey, economy, investment
French dairy group Danone has warned that its profits will be hit by weaker margins during fiscal 2012. Danone today (19 June) lowered its margins outlook for the financial year from "stable" to "down 50 basis points", citing a weak ...
Tags: margins outlook, Sales target, margins
Greece-based dairy group Vivartia will expand its presence in the Middle East and North Africa via a joint venture with Exeed Industries. Vivartia's parent group, Marfin Investment Group, said today (28 September) the deal covers all of ...
Tags: joint venture, Exeed Industries, sales of dairy and beverages
UK dairy group Dairy Crest said this morning (17 July) its full-year expectations remained "unchanged" despite a "challenging" first-quarter. In its interim management statement, released ahead of today's AGM, Dairy Crest said its dairies ...
Tags: UK dairy, broad-based dairy, UK brands
US dairy group Dean Foods has reported a jump in half-year profits as a focus on costs offset flat sales. Dean Foods yesterday (7 August) reported net income of US$94.5m for the six months to the end of June. A year earlier, it had booked ...
Tags: Cost control, Dean Foods Profits, Dean Foods
Shares in Dairy Crest were higher this morning (24 September) after the UK dairy group said its expectations for annual profits had not changed despite a "challenging" first half of the year. In a trading update, Dairy Crest admitted ...
Tags: Dairy, FY profit, H1 problems
Brazilian food group Brasil Foods has formed a whey processing joint venture with Irish dairy group Carbery. The joint venture, in which Brasil Foods will invest US$50m, emphasised its objective to increase its leadership in the cheese ...
Tags: Brazilian food, cheese sector, cheese manufacturing facilities
Wisconsin governor Walker has announced that Wisconsin will be the preferred supplier of dairy goods and services to the Shanghai Dairy. Under a newly formed partnership, Shanghai Dairy Group will recognize Wisconsin as a preferred ...
Tags: Walker, dairy goods, Shanghai Dairy, agricultural goods
Canadian dairy group Ultima Foods, which produces Yoplait under licence for the local market, has launched its own yoghurt brand. Ultima, a venture between Canadian dairy co-ops Agropur and Agrifoods International, yesterday (20 August) ...
Tags: Ultima Foods, Yoplait, yoghurt brand, Canadian food market
UK cheese maker Wyke Farms has announced plans to increase the price it pays farmers for milk. The dairy group said it will raise its milk price by a further 0.75ppl from 1 November. The move follows an increase of 0.5ppl implemented in ...
Tags: Wyke Farms, cheese, cheese price, milk
Arla Foods is to start producing Anchor butter in the UK next month. The dairy group said it would begin manufacturing Anchor block butter at a production site in Westbury in the UK. "Bringing production of Anchor to the UK is part of ...
Tags: Anchor butter, Arla Foods, dairy group, Food
Arla Foods has announced a deal to supply Chinese infant formula company Biosteme. The Nordic dairy giant will supply powder to Biosteme from a facility in Denmark for ten years. The deal could also see both companies finance upgrade work ...
Tags: baby milk, dairy giant, premium infant nutrition market
One-off items have hit Parmalat's third-quarter net profit although the Italian dairy group did see its EBITDA increase. Parmalat, which is controlled by French dairy giant Lactalis, booked net profit of EUR58m (US$73.8m), against ...
Tags: net profit, dairy, net revenues, dairy group, milk