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INDIA - The state government of Maharashtra has ordered cooperatives to pay farmers US$0.36 per litre of cow’s milk, an increase from the previous US$25 to US$0.28 paid per litre to end the dairy farmers’ strike, reported ET Retail. According to dairy development minister Mahadev Jankar, the government will extend its subsidy to US$0.073 per…
UK - Arla Foods Limited, an international dairy cooperative, will acquire Yeo Valley Dairies Limited, a subsidiary of the Yeo Valley Group Limited to expand milk, butter, spreads and cheese brands. According to the company, this transaction will give the farmer-owned dairy cooperative the rights to use the Yeo Valley brand in milk, butter, spreads…
CHINA – Fonterra, a multinational dairy co-operative, is set to double up its butter output at Edgecumbe to meet the increasing demand for Chinese ‘muddy buns’ which is a growing trend. According to the company, ‘Muddy Buns, Dirty Dirty Bread, or Zang Zang Bao’ as they’re known in China, are creating a social media frenzy…
UK - Muller UK and Ireland has entered the UK spreads market with the introduction of its first ever branded butter spread, launched exclusively in Tesco on 21 May. The launch of the Official Spreadable of British Athletics boosts its butter category including salted, unsalted and lactic butter which it supplies to both the domestic…
UK - Arla Foods, a global dairy company and co-operative, has expanded its number one butter brand to Lurpak Softest; a new soft blend butter that is spreadable straight from the fridge. Lurpak is UK’s number one butter brand, which has now combined the great taste that Lurpak is renowned for with the softest, most…
WORLD - Consumers aren’t just eating more butter, they are willing to pay more for it, a boon that’s giving outsize gains to makers of premium brands. Global retail butter sales will expand 2.9 percent to $19.4 billion in 2018, outpacing the 1.9 percent growth in sales volumes, according to Euromonitor International. The trend is fanning…
WORLD - The stage appears to be set for a continuation of elevated butter prices, with shipments from the two top exporters expected to flatline next year, thanks to stagnant production. Combined exports of from New Zealand, the biggest shipper, of butter and anhydrous milk fat, which is made by a similar process, will rise…
NIGERIA – The dairy sector has emerged the second largest segment in the food and beverage industry in Nigeria with estimated revenue of N347 billion in 2013 and an estimated compounded annual growth rate (CAGR) of 8 per cent over the last three years.
NIGERIA – The dairy sector has emerged the second largest segment in the food and beverage industry in Nigeria with estimated revenue of N347 billion in 2013 and an estimated compounded annual growth rate (CAGR) of 8 per cent over the last three years.
NIGERIA – The dairy sector has emerged the second largest segment in the food and beverage industry in Nigeria with estimated revenue of N347 billion in 2013 and an estimated compounded annual growth rate (CAGR) of 8 per cent over the last three years.