Financials & Economic Updates
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Almarai records 7% rise in profit on higher sales
SAUDI ARABIA – One of the Middle East’s largest dairy companies, Almarai has reported a 7% rise in the second quarter net profit, boosted by…
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Dairibord reports 28.5 million litres of utilised raw milk, records 40% increase in revenue
ZIMBABWE – Zimbabwean dairy processing giant, Dairibord Zimbabwe Limited (DZL) has reported a total of 28.5 million litres of utilised raw milk in just a…
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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…
