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Dairy Australia Fortnightly Update 24/01/2014

Dairy Australia Fortnightly Update

Categories: Dairy, Commodities

Key points for the fortnight ending 24/01/2014 include:

  • Event 108 on the GlobalDairyTrade (GDT) platform this week saw further convergence in dairy commodity returns, with positive moves for most major products pushing the GDT Price Index up 1.4%.
  • Fonterra has announced plans to fund further growth in its Chinese operations by issuing its second round of bonds denominated in renminbi.
  • US company Hilmar Cheese has announced plans to diversify its product offering through the construction of a milk powder processing plant in Turlock, California.
  • Saputo (SAP) started the week with one acquisition and closed it with another.
  • Pacific Equity Partners (PEP) has reportedly engaged PwC to do vendor due diligence on its Peters Ice-cream business, acquired from Nestle in 2012.

Source: Dairy Australia

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.