Global report: stories from around the world
A weekly selection of global news stories that affect demand, supply and prices.
Long read: back to basics for troubled Fonterra
The world’s largest dairy exporter has become too complex in its business model. New CEO Miles Hurrell will seek to simplify Fonterra once again, writes Lorcan Allen.
Fonterra racks up €110m in losses for its 2017-18 financial year
The New Zealand dairy co-op blamed bad milk price forecasts, high butter prices and higher cost in the business for the poor performance last year.
Lactalis forks out €740m for South African baby formula company
The French dairy giant has likely paid in excess of 25 times' earnings for the business, which is pricey when compared with recent deals of a similar nature.