New product launches with high protein labels across Southeast Asia grew by eight percent on average every year from 2012 to 2016, according to market intelligence agency Mintel.
Dairy giant Fonterra has forecast a 63 percent jump in its payout for organic milk for the 2016/17 season. The company's opening market-linked organic milk price for next season is forecast at US$9.20 per kg of milk solids, a big step up from this season’s US$5.65 per kg of milk solids.
The NZD$196 million (US$129 million) purchase by the Dairy Farmers of America (DFA) will be completed on 31 December 2015.
Fonterra, a dairy giant, has begun production at its new whole milk drying plant in New Zealand that was built by German company Gesellschaft für Entstaubungsanlagen (GEA). The plant is unique as it is the world’s first earthquake proof plant to be built.
The dairy company from New Zealand aims to meet the growing Indonesian demand for dairy nutrition with its new US$23.5 million manufacturing facility.