Financials & Economic Updates
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Fonterra reduces farmgate milk prices due to decline in demand
NEW ZEALAND – New Zealand-based global dairy nutrition cooperative, Fonterra, has narrowed down its farmgate milk price range to NZ$8.10-$8.30 kgMS from NZ$8.00-$8.60 kgMS with a midpoint…
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Nestlé outlines sales guidance as it pursues external growth opportunities in fast-growing segments and regions
SWITZERLAND – Nestlé, in outlining its value creation model and 2025 targets to investors, said it expects to return to an underlying trading, operating profit…
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Oatly trims full-year guidance, plans job cuts following third quarter loss
SWEDEN – Oatly, a producer of milk substitute made from oats, has initiated an organization structure review that will enable it to have annual savings…
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Saputo advances optimization strategy to Australia with plans to permanently close Maffra facility
AUSTRALIA – Canadian dairy major Saputo plans to permanently close its Maffra, Victoria, facility and “streamline” activities at other two Australian sites, putting 75 jobs…
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Fan Milk Ghana reports interim loss despite registering 12% rise in 9 months revenue
GHANA – Fan Milk Ghana, a subsidiary of multinational food-products corporation Danone, has reported a 12% rise in interim revenue to GHS 382.1m (US$26.8m) in…
