Financials & Economic Updates
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Chinese dairy giant Yili reports US$10.24B in half year operating income
CHINA -Yili, a prominent player in the dairy industry, has released its 2023 H1 report revealing a 4.31% year-on-year surge in total operating income, reaching…
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New Zealand dairy exports thriving despite tariffs
NEW ZEALAND – Despite encountering substantial tariffs and trade-related obstacles, New Zealand’s dairy sector continues to thrive. A recent report from the industry players shed…
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Fonterra reveals ambitious plan to cut US$598 million in costs amid global dairy price decline
NEW ZEALAND – New Zealand’s dairy giant, Fonterra, has unveiled a strategic plan aimed at slashing approximately US$598 million in costs over the next seven…
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Arla Group’s half-year revenue reaches US$8.26 billion despite inflationary pressure
DENMARK – Continued inflationary pressure, declining dairy commodity prices, and shifting consumer preferences have marked the first half of 2023 for Danish dairy giant, Arla…
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Nestlé raises organic sales outlook with strong second quarter results
SWITZERLAND – Nestle, Swiss multinational food and drink processor and the world’s largest food company by revenue, has posted organic sales growth of 8.7% for…
