Dearer milk and milk products on the horizon
The ongoing rebalancing of supply and demand in global dairy markets has led the Fonterra Co-operative Group to increase its forecast Farmgate Milk Price for the upcoming 2018 season. The new forecast is $6.75 per kilogram of milk solids (kgMS), replacing the May 2017 forecast of $6.50/kgMS.
Fonterra’s chairman, John Wilson, said “We are seeing growing confidence on-farm across the country and, with global demand for dairy strengthening, the signs are for a good start to the season for our farmers and their rural communities, although following a challenging period of very wet conditions for some of our farmers.”
Chief Executive Theo Spierings meanwhile said the Co-operative is well positioned to take advantage of improving demand for dairy nutrition across Fonterra’s ingredients, consumer and foodservice markets.
Kraft Heinz appoints Steve Cahillane as CEO
Steve Cahillane will join Kraft Heinz as CEO on 1 January 2026.
Mars receives final approval for its Kellanova acquisition
The European Commission has given final approval for the merger, paving the way to unite the...
Tetra Pak Processing Equipment SIA acquires Bioreactors.net
Tetra Pak has acquired the Latvia-based company to help strengthen its processing expertise,...
