Dairy sector reshaped by Asian deals as milk price plummets
Prices for dairy ingredients have fallen sharply for over two years, hit by a global oversupply, squeezing the finances of farmers and producers and pushing many to consolidation in search of economies of scale.
By contrast, at the other end of the sector, the low- ingredient costs are plumping the profit margins of companies that make ‘value-added’ products like yoghurt, cream cheese and infant formula, making them attractive targets for food multinationals and private equity investors.
