Arla Foods UK has increased the standard price it pays to dairy farmers for milk and adopted a new, more transparent milk pricing and sourcing model in an effort to “build confidence in the British dairy industry.”
Enterprise Ireland invited executives from major US retailers to stay an extra day following the Navy-Notre Dame football game in Dublin on Sunday to meet with Irish consumer goods companies that have potential to expand their presence in the US market.
Dairy giant Arla Foods has reported a net profits decrease for the first six months of the year, as the continuing impact of the European dairy price war cancelled out revenue growth in the firm’s core and growth markets.
The increased price of eggs has been the biggest factor behind strong results posted by Ukraine-based international egg and egg products business Avangardco, which boasts hundreds of millions of euros in sales.
Unilever has shown mixed progress over the past five years, according to Andrew Wood, senior research analyst for food and home & personal care products at Sanford C Bernstein, based on its predictions for the company made in 2007.
Frutarom has posted strong double digit growth figures for its second quarter/half year results, driven by acquisitions, organic growth, price increases, falling raw material costs and more favourable purchasing deals.
Chinese soft drinks manufacturer Wahaha has signed a deal with the UK’s Nottingham University to collaborate on research and development covering areas including bioenergy, food technology and electric motors.
Royal DSM paid tribute to its nutrition division which held steady as its sales and profits dipped for the second quarter and first half of the financial year, as recessed global economies took their toll on bottom lines.
The Office of Fair Trading’s (OFT’s) investigation of Premier Foods’ sale of its vinegar and pickles business to Mizkan Group is unlikely to hamper the process, according to financial analyst Clive Black.