WORLD NEWS
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Fonterra half-year profits jump 50% jump despite poor performance in Asia
NEW ZEALAND – Fonterra, a New Zealand multinational publicly traded dairy co-operative has reported an impressive 50% jump in half-year profits after tax despite. According…
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Coca-Cola pulls Innocent dairy-free products off-shelf
UK – Atlanta-based beverage company Coca-Cola Company has pulled the plug on its dairy-free beverage brand Innocent after failing to meet sales expectations five years…
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PepsiCo invests US$216m in regenerative agricultural projects in USA
USA – PepsiCo, one of the world’s leading food and beverage companies, has committed a US$216 million multi-year investment in long-term, strategic partnership agreements to…
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Industry stakeholders contest bill seeking to ban use of popular additives in confectionery
US – A California bill that could outlaw products containing certain additives is drawing retaliation from industry stakeholders who have argued that the additives in…
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French dairy Lactalis exits Argentina with sale of cheese factory to local operator
FRANCE – Lactalis, the world’s largest dairy company, has fully exited the Argentinian market with sale of its factory to a local cheese operator. According…