Author: DC Team

Bega Cheese’s $460 million acquisition of Vegemite and other brands from Mondelez International marks a strategic shift, expanding its product range and enhancing market presence. The deal includes Vegemite’s return to Australian ownership, Bega’s entry into new food categories, and integration of Mondelez’s Port Melbourne site, which will retain 200 employees. The acquisition aims to boost Bega’s EBITDA by $40-$45 million in the first year and revitalize Vegemite’s brand presence. In a landmark deal, Australian dairy processor Bega Cheese has acquired Vegemite and other well-known grocery brands from US-based Mondelez International for $460 million. Founded in 1899, Bega Cheese is…

Danone’s multi-year collaboration with Microsoft aims to transform the dairy industry through advanced artificial intelligence (AI). This partnership will launch the Danone Microsoft AI Academy, focused on upskilling and reskilling employees, enhancing their proficiency in AI tools. Key initiatives include creating an AI-enabled supply chain to improve operational efficiency, utilizing digital twinning for data-driven decision-making, and ensuring consistent product quality. The integration of AI will optimize resource use, foster product innovation, and increase sustainability. This collaboration represents a significant step towards an AI-driven future in dairy production, promoting a culture of continuous learning and innovation. Danone’s latest initiative, a multi-year…

Pune faces a new challenge with cow milk prices rising to ₹56 per liter. The increase addresses production costs and market fluctuations while impacting consumers. Consumers in Pune are facing a new challenge as the price of cow milk has been increased to ₹56 per liter, up from the previous rate of ₹54. This change reflects broader financial pressures on the dairy industry and aims to address rising costs and market uncertainties. Reasons for the Price Increase Impact on Consumers The new price of ₹56 per liter represents an increase of ₹2 from the previous rate. While this adjustment may…

Mahanand Dairy, a major dairy cooperative in Maharashtra, has been transferred to the National Dairy Development Board (NDDB). This shift aims to improve operational efficiency and market reach but has faced criticism from local stakeholders concerned about management changes and farmer impacts. Mahanand Dairy, a major player in Maharashtra’s dairy industry, has been a cornerstone of the region’s dairy cooperative network. Established to uplift dairy farming and provide fair prices to farmers, Mahanand Dairy has grown to become a significant provider of dairy products across the state. Known for its comprehensive approach to dairy management, Mahanand has developed a vast…

Nestlé’s South African Skimmelkrans dairy farm and Mossel Bay factory are leading the way in sustainable dairy production. With innovative practices in low-carbon farming, water recovery, and eco-friendly packaging, these facilities exemplify Nestlé’s commitment to achieving waste-free operations and net-zero emissions by 2050. Nestlé, the Swiss multinational food and drink processing giant, is making strides towards its ambitious global sustainability targets with two key operations in South Africa: the Skimmelkrans dairy farm and the Mossel Bay dairy factory. These facilities exemplify Nestlé’s commitment to achieving waste-free operations and net-zero emissions by 2050. Their ongoing sustainability initiatives were showcased during a…

Denmark funds a groundbreaking dairy project in Bangladesh aiming to create a sustainable and productive dairy value chain. The initiative targets a 30% reduction in greenhouse gas emissions and a 30% increase in farmer income for 10,000 households. Denmark is taking a significant step towards promoting sustainable dairy practices in Bangladesh with its funding of the “Green Dairy Partnership in Bangladesh” project. This initiative, valued at approximately Tk25.4 crore (DKK 25.5 million), aims to create a green, commercially viable dairy business model in Southwest Bangladesh. The project was officially launched in Dhaka and is set to have a transformative impact…

Mleiha dairy farm is set to revolutionise dairy production with its ambitious goal to become the largest producer of clean milk in the region. Launching in June, the farm will rapidly scale up to house 5,000 cows within three years, leveraging state-of-the-art technology and sustainable practices. The facility emphasizes natural rearing methods, advanced monitoring systems, and eco-friendly packaging to deliver high-quality milk while setting new standards in animal welfare and environmental sustainability. Mleiha dairy farm is poised to transform the dairy industry with its groundbreaking approach to clean milk production. Set to commence operations in June, this cutting-edge facility is…

Vinamilk, Vietnam’s leading dairy company, made a significant impact at the 2024 Global Dairy Congress held in London from June 25-27. This year’s conference, themed “Healthy People – Healthy Planet,” gathered key players from the global dairy sector to discuss innovation, sustainability, and market trends. Vinamilk’s Vision for the Future At the conference, Vinamilk’s CMO, Nguyen Quang Tri, presented the company’s ambitious strategy to achieve Dairy Net Zero by 2050. The presentation, titled “Care to Change,” emphasized Vinamilk’s commitment to future generations, world-class nutrition, and sustainable practices. Tri highlighted the company’s efforts to balance growth with environmental responsibility, focusing on…

Mars, Incorporated has unveiled its “Moo-ving Dairy Forward” initiative, committing $47 million over three years to tackle the carbon footprint of its dairy supply chain. This initiative is part of Mars’ broader climate strategy, which aims to cut carbon emissions across its entire value chain by 50% by 2030. With dairy production being a major source of greenhouse gas emissions for Mars, the focus includes improving feed ingredients, managing manure more efficiently, and adopting regenerative agricultural practices. Mars, Incorporated, a global leader in snacking, food, and pet care products, is renowned for its diverse portfolio of brands, including Mars, Snickers,…

Nestlé India has invested Rs 705.5 crore in a joint venture with Dr. Reddy’s Laboratories, focusing on nutritional health solutions, including vitamins, minerals, and supplements. Nestlé India owns a 49% stake in the JV, which aims to leverage Nestlé Health Sciences global products and Dr. Reddy’s commercial strengths to manufacture and market these products in India and beyond. Nestlé India Ltd. has announced a significant investment of Rs 705.5 crore in a joint venture with Dr. Reddy’s Laboratories Ltd. This collaboration is aimed at producing and commercializing products in the fields of medical nutrition, specialized nutrition, nutraceuticals, and supplements. The…