WORLD NEWS
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Medina and Freshways Dairies to merge businesses in pursuit of greater liquid milk market
UK – UK dairy companies Freshways Dairy, based in Acton, and Medina Dairy, based in Windsor, have confirmed they have agreed to merge to create a viable, long-term,…
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FrieslandCampina half-year profits drop 42.6% battered by Thai court ruling and an underperforming infant nutrition business
NETHERLANDS – Dutch dairy cooperative Royal FrieslandCampina N.V. has reported 42.6% drop in half-year profits, attributing the huge decline to a €57m ($67.2m) provision for a court ruling in Thailand and an…
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EU to record higher grain harvests in MY2021/22 following higher than expected spring rainfall
EUROPE – The European Union (EU) grain production is forecast at 293.3 MMT (million metric tonnes), over 13 MMT higher than the previous marketing year’s volume…
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Molson Coors introduces Vizzy Hard Seltzer watermelon variety pack as Jack Daniels ends partnership with Bacardi in Austria
US – Chicago-based multinational beverage company Molson Coors Beverage Company is expanding its popular Vizzy Hard Seltzer portfolio with the introduction of a watermelon variety pack. The new offering made with…
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High inflation eats into Unilever’s Q2 profits forcing CPG giant to lower full-year profit guidance
UK – Consumer goods giant Unilever is the latest causality of rising costs of raw materials, packaging and transport which have eaten into the company’s…