Topic of the week
The first quarter of the year in the global milk market: volatility, stable consumption, and ongoing challenges
The Dairynews.today sums up the first quarter of the year in the global milk market together with the leaders of the dairy industry. We have compiled all the most interesting data and comments provided by milk producers and processors from different countries into one material. Details can be found in our long read.
Kerry Group Reports 9.9% Revenue Decline in Q1 2024 Amid Global Market Conditions
Kerry Group's revenue witnessed a notable decrease of 9.9% in the first quarter (Q1) of 2024, as outlined in the group's interim management statement for the period.
DeLaval: In the Long Term, Demand for Milk Expected to Outstrip Supply
The dairy industry is evolving in line with global trends, which present both opportunities and challenges for the market, according to a report from the Tetra Laval Group. The company has identified key trends affecting each division.
Eurofins Surpasses Expectations with 6.8% Organic Growth in Q1 2024
Eurofins, a leading network of companies in the testing and scientific innovation sector, has reported strong organic growth of 6.8% in the first quarter of 2024, exceeding its objectives.
Novonesis delivers 4% organic sales growth in line with expectations and reports progress on the integration
In the first three months of the 2024 financial year, Novonesis delivers 4% organic sales growth against a strong comparator.
USDA Reports Decrease in March Milk Production Across Major Dairy States
According to Brownfield Ag News, the US Department of Agriculture (USDA) has disclosed a decline in milk production across key dairy states in March 2024.
Kerry Group CEO emphasized the company's enduring dedication to its agricultural legacy
Kerry Group CEO, Edmond Scanlon, reassured shareholders at the company’s Annual General Meeting (AGM) in Tralee, Co. Kerry on Thursday, May 2, emphasizing that the company remains firmly connected to its agricultural origins.
Advancing Equity: Transforming Dairy Contracts in the UK
In three months' time, the UK dairy industry will undergo a significant transformation with the implementation of new regulations aimed at rectifying imbalances in contractual agreements between milk producers and purchasers.
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