Financials & Economic Updates
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Mengniu Dairy posts 27% rise in H1 profits, ice cream brand goes viral among consumers
CHINA – Chinese dairy giant Inner Mongolia Mengniu Dairy Group has reported a 27 percent increase in first-half Year-on-Year profits totaling 3.75 billion yuan after…
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China’s economic province Taiwan records highest-ever sales in food and beverage
CHINA – The 8th largest economy in Asia and 18th-largest in the world by purchasing power parity, Taiwan has recorded its highest-ever sales in food…
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Glanbia exceeds expectations in half-year results despite ongoing economic pressure
IRELAND – Irish global nutrition group, Glanbia has delivered ‘the strongest pricing in their history, reflecting ‘improved commercial execution and focus against a background of…
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South Caernarfon Creameries hits 17% rise in revenue, invests US$3.77m in expanding Chwilog plant
UK – South Caernarfon Creameries (SCC), a Welsh farmer-owned dairy co-operative has hit a massive 17 percent increase in sales to a record-breaking £71.5 million…
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Saputo expands US goat cheese capabilities, reports 24.1% revenue growth in Q1 2023
US- Canadian dairy company, Saputo, is streamlining its footprint in the US through a CAD45million (US$35 million) investment to convert its mozzarella cheese facility in…
