Acquisitions and growth in markets outside the EU have helped dairy giant Arla Foods report higher annual sales and profits. The company said today (20 February) its consolidated net profit jumped by more than a third in 2012 to DKK1.9bn ...
Tags: M&A, Emerging Markets, 2012
The Dairy Farmers of America (DFA), a dairy-farmer cooperative that has been accused of conspiring with four other organizations to suppress milk prices paid to dairy farmers across 14 US states, has agreed to pay $158.6m to settle the ...
Tags: Dairy Farmers, milk price, Foods
News that Arla Milk Link is cutting its farmgate milk price will come as a "bitter and unacceptable" blow to its farmer suppliers, the National Farmers Union has warned. Arla Milk Link, which was formed following the acquisition of Milk ...
Wyke Farms has increased the price it pays farmers for milk by 5ppl and issued a stark warning to the rest of the industry that if they fail to follow suit the UK could be facing milk shortages this winter. Wyke, the UK's largest ...
Tags: Wyke Farms, milk, milk farmer, milk shortage
Canadian dairy firm Saputo has recorded a drop in first-half profits, hurt by "unfavourable" market conditions in the US and an increase in the cost of milk in California. Earnings amounted to C$251.5m (US$251.8m) in the six ...
Tags: Saputo, milk price hike, dairy firm
Unusual weather around the world, including the drought this summer in the US, has led Fonterra CEO Theo Spierings to forecast an increase in global dairy prices in the first half of 2013. Spierings also pointed to weather events in ...
Tags: dairy price, dairy industry, food industry, Spierings
The National Farmers Union (NFU) has blasted UK milk supplier Robert Wiseman Dairies for hitting farmers with a "catastrophic" cut in milk prices. Muller Group-owned Wiseman last week announced a 1.7ppl reduction to the price it pays ...
Tags: NFU, Robert Wiseman, milk price cut
First Milk is the latest UK milk supplier to announce a cut to its farmgate milk price in the last week. The co-op today (4 July) blamed declining returns from customers in the liquid milk market for its decision to reduce its liquid pool ...
Tags: First Milk, milk price, UK milk supplier, pool price
The US government has again cut its forecast for corn yields as the impact of the worst drought in the country for 50 years becomes clearer. Washington said the US corn yield is set to be the lowest since 1995-96, sending futures to a ...
Tags: US government, corn yields, drought, food industry
Morrisons is to increase what it pays to milk farmers, becoming the latest UK retailer to up its payment amid anger from suppliers. The UK's fourth-largest retailer said it would increase the premium it pays for milk and make an extra ...
Tags: milk payment, milk, dairy manufacturers, dairy
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
Dairy Crest has said it is "on track" to up the price it pays farmers for milk after postponing plans to cut prices amid the fierce protests this summer. The UK dairy processor, which owns brands including Cathedral City cheese and ...
Tags: Milk Price, voluntary code, legal approval
The Co-operative Group has announced a further increase to the premium it pays to farmers who are in its liquid milk pool. The news comes as a further sign UK retailers are ready to compromise on the price they pay for milk in the face of ...
Tags: Uk Retailer, Milk Price, liquid milk pool
The Co-operative Group has announced a further increase to the premium it pays to farmers who are in its liquid milk pool. The news comes as a further sign UK retailers are ready to compromise on the price they pay for milk in the face of ...
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