In the company's Cheese Segment, revenues increased from a combination of higher prices, volume gains and improved product mix with significant gains in Kraft natural cheeses and Velveeta
August 1, 2013
Kraft Foods Group, Inc. Northfield, Ill., reported today that net revenues in the second quarter declined 1.1% to $4.7 billion and that operating income increased 53.5% to $1.4 billion in the period. In the company's Cheese Segment, revenues increased from a combination of higher prices, volume gains and improved product mix with significant gains in Kraft natural cheeses and Velveeta.
The company said earnings improvements year-on-year have been driven mainly by its Dairy Foods division, which had been negatively impacted in the first half of 2012.
August 1, 2013
Land O'Lakes said sales increases during the second quarter were achieved in all three core businesses, which include Dairy Foods, Crop Inputs (WinField) and Feed (Purina Animal Nutrition). First half sales were improved in all business segments, including Layers.
The award is presented annually to a company that demonstrates leadership in driving global dairy demand and advancing U.S. dairy exports as well as commits resources to export market development and makes exports central to its overall growth strategy.
July 22, 2013
Dairy Foods is accepting nominations for the Tom Camerlo Exporter of the Year award, presented with the cooperation of the U.S. Dairy Exporter Council. The processor receives the Tom Camerlo Exporter of the Year trophy at USDEC's annual meeting. The company is also the subject of a feature article in the November issue of Dairy Foods.
New officers for the WDPA; Fonterra makes changes; long-time Turkey Hill president retires
July 11, 2013
The Wisconsin Dairy Products Association elected officers at its meeting this month.Sargento Foods Inc., Plymouth, Wis., promoted Kristi Jankowski to executive vice president of Innovation.
13 dairy processing plants were nominated. The winner was determined by visitors' votes on dairyfoods.com.
July 10, 2013
The magazine nominated 13 dairy processing plants that manufacture fluid milk, cheese, ice cream or cultured dairy products. All had been featured in Dairy Foods magazine and on dairyfoods.com over the previous 18 months.
“We expect dairy consumption across ASEAN-6 to grow by 2.4% per year through to 2020,” says a Rabobank analyst.
July 9, 2013
Rabobank says that dairy trade flows into the ASEAN-6 region (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) surpassed 1.6 million tonnes in 2012, equating to a 5.5 billion dollar export opportunity for producers. The region is one of the few remaining dairy battlegrounds, and the current boom in demand has triggered intense competition between international producers.
Nestlé says it has seen 'significant growth' in its ready-to-drink beverages in Malaysia over the past four years.
July 8, 2013
Nestlé is building a new factory in Malaysia to meet growing domestic demand for its ready-to-drink beverages such as Nescafé, Milo, and Nestlé Low Fat Milk.