Varun Beverages Acquires Crickley Dairy in SA
Varun Beverages Ltd (VBL) has announced the acquisition of 100% stake in South Africa-based Crickley Dairy through its subsidiary, marking a significant expansion into the value-added dairy segment in international markets. The deal, valued at ₹1,314.68 million (about ₹131.47 crore), will give VBL full ownership of the dairy business, subject to regulatory approvals including clearance…
Iran Emerges as Major Global Milk Export Power
Iran is rapidly emerging as a significant force in the global dairy trade, with the country now ranked as the world’s fourth-largest milk exporter, behind the European Union, New Zealand and the United States, even surpassing Australia. In 2025, Iran is estimated to have exported 182,000 tonnes of milk powder, marking a sharp rise of…
Nigeria’s Dairy Challenge: Many Cows, Little Milk
Despite having more than 20 million cattle, Nigeria produces far less milk than it consumes, highlighting deep structural challenges in its dairy sector. Most cattle in the country are traditional pastoral breeds with very low milk yields, often producing only about 1–2 litres of milk per cow per day, compared with over 30 litres from…
Jigawa to Partner India for Dairy Development
The Jigawa State Government in Nigeria has announced plans to collaborate with the National Dairy Development Board (NDDB) of India to promote livestock development and expand dairy production in the state. The initiative was disclosed by Governor Umar Namadi while receiving a high-level NDDB delegation led by Rajesh O. Gupta during a courtesy visit to…
Savencia Profit Drops on Rising Milk Costs
Savencia Profit Drops on Rising Milk Costs French dairy major Savencia Fromage & Dairy reported a sharp fall in profitability for 2025, with its net income dropping by €32.2 million to €74.7 million, representing 1.1% of revenue, mainly due to a surge in milk prices and weaker industrial commodity markets. The group’s sales reached €6.957…
Hormuz Disruption Threatens Dairy Supply Chain
Escalating geopolitical tensions around the Strait of Hormuz are creating new risks for the global dairy sector by disrupting key inputs such as energy, fertilisers and shipping routes. The strait carries nearly 30% of global oil shipments and about 20% of liquefied natural gas (LNG), making it vital for energy-intensive industries like dairy processing that…
Rabobank Sees Cautious Dairy Price Recovery
Global dairy commodity prices are showing early signs of recovery in 2026, but the rebound is expected to remain cautious due to abundant global milk supply, according to Rabobank’s Global Dairy Quarterly report. The bank noted that strong milk production across major exporting regions—including the EU, United States, South America and New Zealand—kept markets well…
US-Iran Tensions Raise Indirect Risks for Dairy
Escalating tensions between the United States and Iran are creating indirect challenges for the global dairy sector, mainly through higher energy, freight and packaging costs, according to market analysts. While the conflict has so far had limited direct impact on dairy fundamentals, its biggest transmission channels are rising oil prices and logistics disruptions that affect…
FrieslandCampina Sets Strategic Priorities for 2026
Dutch dairy cooperative FrieslandCampina has outlined key strategic priorities for 2026 as it looks to strengthen resilience, expand its market reach and focus on higher-value dairy segments after a challenging 2025 marked by global milk oversupply and price pressures. In FY2025, the company reported revenue of €13.4 billion, operating profit of €507 million, and net…
Global Food Prices Rise After Five-Month Decline
Global food prices increased in February 2026 for the first time in five months, according to the Food and Agriculture Organization (FAO) of the United Nations. The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, averaged 125.3 points in February, rising 0.9% from 124.2 points in…