Milk Products News
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Danone, owner of Activia yogurt and Evian water, will spend about 325 million euros ($417 million) to form a joint venture and invest in China’s biggest dairy producer to expand its brands in the most populous nation.
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China Mengniu Dairy Co., the country’s largest dairy producer, agreed to buy 26.9 percent of China Modern Dairy Holdings Ltd. for HK$3.18 billion ($409 million) to gain greater control of milk supplies amid food safety concerns in the country.
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Mildewed feed given to cows caused excessive levels of a potentially cancer-causing agent in milk products from China Mengniu Dairy Co. and Fujian Changfu Dairy Industry Group Co., according to the nation’s quality regulator.
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Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, assured its biggest customer China that traces of an agricultural chemical found in some milk products posed no health risk, Chief Executive Officer Theo Spierings said.
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India extended a ban on imports of milk and milk products from China for a further six months, the Ministry of Commerce and Industry said today in a statement on its website.
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Synutra International Inc., a Chinese baby formula maker, said its products are safe and it won’t recall any after local news reports that one of the twin infants using the company’s powdered milk died and another became ill.
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Marusan-ai Co., a Japanese producer of miso and soy milk products, is one of three companies sued in connection with the sale of tainted soy milk in Australia, a law firm said.
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Coca-Cola Co., the world’s largest soft-drink maker, has removed Minute Maid strawberry-flavored pulpy milk beverages from shelves in the northeastern Chinese province of Jilin.
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China Mengniu Dairy Co., the country’s largest milk-products producer, said it isn’t holding talks to buy an unidentified dairy-farming company, two days after a top executive said it had held discussions with China Modern Dairy Holdings Ltd.
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This year’s agriculture boom is a bust for U.S. dairy farmers as surging costs for cattle feed compound a glut of milk products.
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