Milk price reaches Rs210 a litre in uncertain economic conditions
In uncertain economic conditions, consumers continue to receive severe price shocks following an unchecked hike in the prices of daily use items, including loose milk, which has been increased to Rs210 from Rs190 per litre by some shopkeepers and live broiler chicken which has seen an increase of Rs30-40 per kg in the last two…
Saputo prioritises value over volume to keep dairy “affordable”
Saputo has flipped its focus to value over volume after a challenging couple of years characterised by supply chain and inflationary pressures. As input costs “remain high” across the supply chain and wages, president and CEO Lino Saputo, Jr., said the Canadian dairy major is “focused on executing cost savings in addition to pricing initiatives…
Israeli development to change how we consume dairy products
Antibiotic-resistant bacteria are one of the greatest health risks facing humanity because they keep multiplying, and antibiotics lose their effectiveness as their use increases. The Israeli biopharmaceutical company Mileutis based in Ness Ziona is currently considered one of the global pioneers in this field. The company developed a biological preparation designed to treat the most serious…
Remilk defers plan for world’s largest precision fermentation facility
Israeli startup Remilk—one of the best-funded players in the nascent animal-free dairy space—has hit pause on plans to build a large-scale precision fermentation facility in Denmark and is instead ramping up production of whey protein (made by microbes, not cows) with a contract manufacturer in western Europe, which it claims will enable it to hit production…
Can Danone reach its climate goals without scaling own farming?
Last month, the French food company Danone — owner of milk and yogurt brands like Activia and Horizon Organics — pledged to cut absolute methane emissions from its milk supply chains by 30 percent by 2030, making it the first major food company with a methane-specific emissions target. Green groups have applauded the new pledge. Methane is a greenhouse…
Global dairy prices improves at GDT auction on Feb 7th
The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being shown as below. Global dairy trade event 325 results Feb 07 2023 A total volume of 32582 MT…
Unilever Taps Dairy Boss as New CEO
Unilever PLC UL 0.82%increase; green up pointing triangle has appointed Hein Schumacher as its new chief executive, tapping the head of a European dairy cooperative to lead its effort to reinvigorate growth and navigate economic challenges. The owner of Ben & Jerry’s ice cream and Dove soap said Mr. Schumacher would become CEO on July 1. He succeeds Alan…
GoodSport, a Dairy-Based Sports Drink, Set to Hit Walmart Store
Powered by the goodness of milk, a first-of-its-kind sports drink is set to more than 1,000 Walmart store shelves across the Midwest. GoodSport Nutrition Founder & CEO Michelle McBride came up with the dairy-based sports drink concept after being frustrated with other beverage options. “I didn’t want my son drinking sports drinks filled with artificial…
FrieslandCampina shares key industry trends for 2023
FrieslandCampina Ingredients, the global innovator in healthy and functional ingredients, has announced the release of its third annual magazine detailing five key trends that will drive the evolution of food, drink and supplement industries in 2023. The magazine, titled ‘Shaping the future of Nutrition 2023’, offers expert insights into current consumer drivers to help brands…
DSM World Mycotoxin Survey 2023
Mycotoxins continued to provide the cereals sector with considerable challenges last year as producers turned to cheaper products to manage risks. The Covid-19 pandemic affected logistics and availability of feed materials. This coupled with increased input and energy costs caused by the war in Ukraine meant significantly higher costs for producers. As a result, some…