Groupe Lactalis SA, the maker of President brand cheeses, agreed to buy Indian dairy producer Tirumala Milk Products Pvt. from Carlyle Group LP and its owners, in its first acquisition in the South Asian nation.
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.
Prices for nonfat-dry milk, the biggest U.S. dairy export, rose to a six-year high on increasing overseas demand at a time when Congress’s failure to extend an expired farm law leaves the threat of surging consumer costs.
Fonterra Cooperative Group Ltd. said the executive responsible for New Zealand milk products quit after a contamination scare that saw the world’s biggest dairy exporter facing product bans in China and other key markets.
Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, suspended operations in Sri Lanka after protests outside its local office sparked by allegations some milk powder products were tainted.