Danone, which is aiming to rebuild its position in China after an infant formula product recall in Asia last year, said first-quarter sales fell 7.7 percent at its high-margin baby food division, less than analysts had expected.
Fonterra Ltd has been fined NZ$300,000 ($256,200) for the way it handled the food safety scare last year about potentially contaminated products and the damage the false alarm did to New Zealand's reputation for quality dairy products.
Paediatricians have urged the Federal Parliament to legislate to restrict the marketing of infant formulas in Australia so that more new mothers are encouraged to breastfeed.
Dairy giant Fonterra has pleaded guilty in a New Zealand court to four food safety-related charges connected to last year's global recall of whey protein concentrate (WPC80) over a false botulism scare.
Rising milk prices over the past 12 months led to a jump in underlying profits at Dutch dairy group, FrieslandCampina, according to results posted today.
If French food group Danone decides to sell its slowing medical nutrition business, it is most likely to invest the proceeds in its faster growth baby food and dairy businesses, targeting acquisitions in Asia and Africa.
Feihe Dairy, a subsidiary of Feihe International, received a production permit for milk powder on March 2, the first permit since the implementation of a new infant and baby formula production examination regulation.
French food company Bongrain has reported a significant rise in full-year revenue, which the company say was helped by acquisitions and their performance in Western Europe.
Synutra International, a China-based infant formula manufacturer, has begun construction of its new drying facility in Carhaix, France, following a ground breaking ceremony on 10 January.
Cargill, an American agribusiness giant, has bought a 5% stake in Ukrlandfarming (ULF), an Ukrainian integrated agricultural firm, for an undisclosed sum.
Almarai, a Saudi Arabian food company, has completed the acquisition of stake held by Mead Johnson in International Pediatric Nutrition Company (IPNC), a joint venture between the parties.
Chinese baby food and care products provider Biostime International Holdings Ltd announced it has agreed to a joint venture with baby diaper manufacturer Hangzhou Coco Healthcare Co
