New Zealand dairy major Fonterra is to buy Australia-based Retail Food Group’s (RFG) Dairy Country cheese business for AU$19.2m (€11.7m).
Leading packaging and paper manufacturer, Mondi, is launching a fully recyclable 80% paper-based packaging solution for cold meats and cheese.
Emmi increased sales in the first six months of the financial year, which was affected by the corona crisis, by 6.6% to CHF1.7bn (€1.5bn).
Global exports in dairy products are forecast to fall by 4.1% in 2020, according to the UN Food and Agriculture Organisation (FAO). This would be the steepest contraction in around 30 years if realised, notes Katherine Jack, an industry analyst with the UK’s AHDB.
Milk output in the European Union has been surprisingly strong with production through April 2020 running 2% ahead of 2019, according to a global market analysis from the Foreign Agricultural Service of the US Department of Agriculture.