Volatile dairy prices are likely to continue in the mid term at least, New Zealand Fonterra has warned, signaling a need for on-going margin vigilance for food makers using dairy derivatives.
A New Zealand entrepreneur, the main shareholder in Australian food
ingredients firm Burns Philp, announced a takeover bid on Friday
for dairy products company New Zealand Dairy Foods.
Heads of Swiss food group Nestlé and New Zealand dairy group,
Fonterra Co-operative signed an agreement on Monday to form Dairy
Partners Americas (DPA), a new dairy alliance