Drugmaker Aspen sells baby formula unit to French dairy group Lactalis for US$860m

SOUTH AFRICA - Aspen Pharmacare, the South African pharmaceuticals concern firm and Africa’s largest drug company has agreed to sell its infant formula business to French dairy group Lactalis International for US$864 million (12.9 billion Rand) as it seeks to cash on the division, reports Bloomberg. The acquisition will be funded by cash and according…

Milkbasket to expand engineering team five-fold and set new R&D Centre

ASIA - Milk and grocery delivery startup Milkbasket plans to expand its engineering team fivefold to 100 in the next nine months and set up a new research and development (R&D) centre, ET Retail reports. The development will enable the Gurgaon-based firm recommend users to products that they order frequently through machine learning. The R&D…

Cooperatives to increase efficiency in dairy production and quality

TANZANIA - Tanzania Dairy Board (TDB) has said that dairy cooperatives are important in implementing dairy development programmes to increase milk productivity and quality, reports Daily News. TDB Acting Registrar, Mr Jeremiah Temu said there are financiers who will provide grants for increasing investment in dairy sector and in particular the establishment of small scale…

FrieslandCampina to invest US$26m in local milk production in Nigeria

NIGERIA - Royal FrieslandCampina, the Dutch multinational dairy cooperative will invest US$26.69 million (23 Euros) in local milk production as part of its Dairy Development Programme (DDP) in Nigeria. Speaking during a visit to the Vice President of Nigeria, Prof. Yemi Osinbajo, and the company’s global CEO also highlighted the company’s commitment to support the country’s…

Japan scraps ban on liquid baby formula with new standards for manufacturers

JAPAN - Japan’s milk industry has welcomed its government’s decision to revise an ordinance that prohibited the production and sale of liquid baby formula, reversing the ban that had permitted powdered product only. According to justfood, the ministry of health, labour and welfare has announced new standards for ready-made liquid baby formula that can be…

Cigarettes-to-cookie maker ITC to launch milk-based beverages

ASIA- ITC Limited, Kolkata based Fast-Moving Consumer Goods (FMCG) company is looking to launch ready-to-drink, milk based beverages set to compete other products in the soft-drinks and other beverage categories. According to ET Retail, the new product range, Sunfeast Wonderz will be launched first in the southern states of Tamil Nadu, Karnataka, Telangana and Andhra…

Fonterra expands range by the launch of high protein flavoured drinks Anchor Protein+

NEW ZEALAND – Fonterra, a New Zealand multinational dairy co-operative, has expanded its protein range by the launch of high-flavoured drinks, Anchor Protein+ to its New Zealand market. According to the company, the new beverage features 20g of protein per serve and unlike most flavoured milk drinks, contains no added sugar, and the first time…

New Zealand launches programme with Dairy Goat Co-operative to promote goat’s milk

NEW ZEALAND - New Zealand has launched a US$19.7 million programme with Dairy Goat Co-operative, which develops, manufactures, and sells nutritional goat and cow milk products to grow the goat’s milk infant formula industry in the country. According to FoodBev, the initiative aims to grow research and farming capability and boost export revenue across the…

COMESA to mediate milk and palm oil trade dispute between Kenya and Zambia

KENYA - Common Market for Eastern and Southern Africa (COMESA) plans to mediate a trade dispute between Kenya and Zambia over long-standing barrier on milk and palm oil exports, reports Lusaka Times. Speaking to journalists in the capital Nairobi, COMESA Director for Trade Customs Francis Mageni said Zambia has prevented milk and palm oil exports…

Dairibord overturns loss position with 131% jump in profits in the half year

ZIMBABWE - Food and dairy processor, Dairibord Zimbabwe Holdings has recorded 131% increase in net profit to US$269,844 during the half year ended 30 June 2018 on volumes growth and restructuring. Revenue for the period was 15% above same period last year to US$50.8 million while volume grew 6% to 41 million litres as a…