Fonterra's global ranking set to dip
Fonterra has climbed three places to number six on RaboResearch's annual Global Dairy Top 20 report.
Chinese company Yili, which has a sizeable presence in New Zealand, has been chosen as the world's most valuable dairy brand.
According to global branding company, Brand Finance, Yili posted an 11% increase in brand value this year to US$9.6 billion and pulling even further ahead of previous sector leader Danone (up 5% to US$8.2 billion) in second place.
Yili also claims second spot behind Nestlé in the Brand Finance Food 100 2021 ranking.
The Brand Finance Food & Drink 2021 Report says Yili has boasted strong sales growth, up 13% year-on-year, and the long-term forecast for the brand looks positive.
"The dairy giant has once again been striving towards new products and optimisation, bolstered by innovation and long-standing R&D investment.
"This paired with further expansion into new territories across Asia and overseas, has supported the brand's strong growth."
Yili owns two milk processing plants in New Zealand - the Oceania Dairy plant in South Canterbury was set up in 2013 and two years ago it bought Westland Milk in Hokitika from farmer shareholders.
Yili's product range in NZ includes butter, milk powders, ingredients and milk.
The Brand Finance Food & Drink 2021 report also includes the Dairy Portfolio ranking - which splits the brand value related to dairy brands from the wider food portfolios - as dairy brands represent a large proportion of the food portfolios' brand value and often are responsible for movement within the overall ranking.
Yili has the fourth most valuable dairy portfolio, with a total brand value of US$9.6 billion, an impressive performance given that Asian dairy brands have traditionally been outperformed by their international counterparts. Lactalis has overtaken last year's leader, Nestlé, with a combined brand value of US$11.4 billion.
The CEO of Apples and Pears NZ, Karen Morrish, says the strategic focus of her organisation is to improve grower returns.
A significant breakthrough in understanding facial eczema (FE) in livestock brings New Zealand closer to reducing the disease’s devastating impact on farmers, animals, and rural communities.
Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.
OPINION: The case of four Canterbury high country stations facing costly and complex consent hearing processes highlights the dilemma facing the farming sector as the country transitions into a replacement for the Resource Management Act (RMA).
The 2024-25 season apple harvest has “well and truly exceeded expectations”, says Apples and Pears NZ chief executive Karen Morrish.
Through collaborative efforts with exhibitors, visitors, and industry partners, Fieldays says it is reaffirming its commitment to environmental responsibility with new initiatives for 2025.
OPINION: The Free Speech Union is taking this one too far.
OPINION: New national data from The Drug Detection Agency (TDDA), a leading workplace drug tester, shows methamphetamine (meth) use is…