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…

Delivery startup DailyNinja acquires milk delivery business 4amShop in a cash deal

INDIA - DailyNinja, Bengaluru-based hyperlocal subscription delivery startup has acquired milk delivery startup business 4amShop in an undisclosed cash deal as it seeks to expand its presence in Southern India. On completion of the transaction, the founders of 4amShop will exit and 2,000 customers of 4amShop will be transferred to DailyNinja, according to inc42. The…

Emmi increases stake in Emmi Ambrosi France from 51% to 85%

FRANCE – Emmi, a Swiss milk processor and dairy products company, has increased its stake in Emmi Ambrosi France, a packaged cheese joint venture in France, from 51% to 85%. According to FoodBev, the business was founded in 2008 following a collaboration between Emmi and Italian cheese specialist Ambrosi, as the companies aimed to offer…

San Francisco Equity Partners acquires Brazi Bites cheese bread brand

USA - San Francisco Equity Partners (SFEP), is a private equity firm focused on expansion-stage of technology companies, has announced that it has acquired a majority stake in frozen, gluten-free cheese-bread brand Brazi Bites. The company reported that the terms of the deal were not disclosed but husband and wife founders Junea Rocha and Cameron…

Fonterra announces John Wilson steps down as company’s Chairman

NEW ZEALAND - Fonterra Co-operative Group Ltd, a multinational dairy co-operative, has announced that John Wilson has stood down from his position as Chairman with immediate effect as he recovers from a recent serious health scare. According to the cooperative, within the last month Mr Wilson has undergone a significant surgery and will require on-going…

Nestle, French Lactalis, Danone tops the Dairy Top 20 list in Rabobank’s report

WORLD - The Global Dairy Top 20 list has seen no new entrants but shifts in positions, topped by the world’s largest food and beverage company Nestle SA, then French Lactalis which swapped places with Paris based food products corporation, Danone. Their combined turnover was positively impacted by dairy price recovery which increased 7.2% in…

BASF launches HMO ingredient as it gears up for competition in infant formula

GERMANY - BASF plans to launch a human milk oligosaccharide ingredient 2’-fucosyllactose (2’-FL) by early 2019, accelerating its presence in infant formula even as manufacturers upgrade to large scale production to meet consumer demand. 2’-FL was developed in-house using a specific HMO fermentation strain and is said to be beneficial to infant gut microbiota and…

Darigold to expand global customer experience in international markets

USA - Darigold Inc., an American dairy agricultural marketing cooperative, has announced it will substantially expand its global customer service and long-term commitment to growth in international markets. According to the company, it is creating an overseas sales, service and distribution network to strengthen its valued international relationships. Darigold has opened offices in Mexico City,…

Government extends subsidy to cooperatives to allow more pay per litre of milk

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…

US Food and Drug Administration question standards of identity on non-dairy products

USA - The Food and Drug Administration has signalled that it plans to start enforcing a federal standard that defines "milk" as coming from the "milking of one or more healthy cows." According to CNN, buying "milk" made with non-dairy products like almonds or oats will soon be on crackdown as the US Food and…