Latest News in the food Industry

30 Aug 2016

Fonterra has increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS, noting that current global milk prices remain at unrealistically low levels, but have started to improve.

30 Aug 2016

Arla Foods has released its 2016 half-year results announcing strategic branded sales grew 6.1% in the first half of 2016, although decreasing market prices in Europe negatively affected revenue to €4.9 billion, a decrease of 5.3%.

29 Aug 2016

Fonterra Australia says it continues to invest in the future of Australian dairy, with a $6.2 million investment to expand the coolroom at its Cobden Spreads plant, home of its Western Star brand.

29 Aug 2016

The Arla Foods amba on-account price for conventional milk will increase by 1.25 eurocents per kilogramme (1.01pence per kg), from 1 September.

26 Aug 2016

The U.S. Department of Agriculture (USDA) has announced plans to purchase approximately 11 million pounds of cheese, valued at $29 million, from private inventories to assist food banks and pantries across the nation.

26 Aug 2016

The dairy alternatives market is expected to reach $35.06 billion by 2024, according to a new report by Grand View Research, driven by rising consumer awareness of health issues and increasing cases of lactose intolerance.

24 Aug 2016

Arla Foods UK has launched a major new breakfast campaign as part of its £100 million commitment to support healthier eating among consumers.

22 Aug 2016

Nestlé has reported sales of CHF 43.2 billion with 3.5% organic growth and 2.8% real internal growth for 1H16. Trading operating profit margin was 15.3%, up 30 basis points; and underlying earnings per share were up 5.7%.

17 Aug 2016

Arla Foods Ingredients has announced a new range of clean-label, dairy-based solutions for the foodservice sector which it says make it easy for food companies to develop and supply foodservice products that are natural, healthy, convenient and stable.

5 Aug 2016

Fonterra has announced a forecast earnings per share range for the 2017 financial year of 50 to 60 cents. The forecast Farmgate Milk Price has been maintained at NZ$4.25 per kilogram of milk solids (kgMS).

4 Aug 2016

Dairy Crest has announced a 1ppl increase to its milk price from 1 September 2016, meaning that the Davidstow core milk price will be 22.72ppl.

2 Aug 2016

Danone has reported “solid” half year 3.8% sales growth (4.1% for the quarter) and a 13.37% uplift in recurring operating margins together with 13.5% EPS growth.