Financials & Economy
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New Zealand dairy exports thriving despite tariffs
NEW ZEALAND – Despite encountering substantial tariffs and trade-related obstacles, New Zealand’s dairy sector continues to thrive. A recent report from the industry players shed…
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SAB urges government for stability in excise tax increases to safeguard beer industry
SOUTH AFRICA – South African Breweries (SAB) has called upon the government to establish clarity around excise tax increases, highlighting that excessive annual hikes exceeding…
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Iceland Seafood International sells UK division to Danish company Espersen
UK – Iceland Seafood International (ISI) has finalized an agreement to sell its UK division to Espersen, a prominent Danish seafood producer known for its…
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Fonterra reveals ambitious plan to cut US$598 million in costs amid global dairy price decline
NEW ZEALAND – New Zealand’s dairy giant, Fonterra, has unveiled a strategic plan aimed at slashing approximately US$598 million in costs over the next seven…
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Arla Group’s half-year revenue reaches US$8.26 billion despite inflationary pressure
DENMARK – Continued inflationary pressure, declining dairy commodity prices, and shifting consumer preferences have marked the first half of 2023 for Danish dairy giant, Arla…