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The U.S. Dairy Export Council (USDEC) reported that U.S. dairy exports remained relatively stable in June, despite varied performances across different product categories. Notable gains in cheese, whey, butterfat, and whole milk powder helped mitigate the declines observed in nonfat dry milk/skim milk powder (NFDM/SMP), lactose, and milk protein concentrates. On a milk solids equivalent (MSE) basis, the year-over-year (YOY) volume decreased slightly by 0.3%.

Dairy cooperative Fonterra has opted to retain its stake in its Australian business, a decision that may impact the anticipated NZD 1 billion in returns planned for shareholders. Also Fonterra has appointed transactional advisers for the complex process of divesting some or all of its consumer businesses and brands.

The global butter market in 2023 was estimated at 59.85 billion US dollars, and it is forecasted to grow to 72.97 billion US dollars by 2030, with an average annual growth of 2.9% during this period.

The DairyNews presents a comprehensive review of events in dairy companies and enterprises for the first half of 2024. The editorial board gathered the events of dairy companies from all over the world. If you want to share your event, write to us!

During a recent online event, Danone presented the results of its innovation efforts and plans for the coming years. Dairynews.today organized the most interesting statements from the company and shares with readers the main trends that one of the market leaders in FoodBev is embracing.