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China Mengniu Dairy Co. (2319.HK) increased its stake in China Modern Dairy Holdings Ltd. (1117.HK) to 28%, bringing two of China's largest dairy companies closer at a time when the domestic industry is working to restore confidence in the safety of its products.The deal, which was announced Wednesday, has been awhile in the making and comes at a time when global dairy companies are eyeing world's most populous country for growth. The two Chinese companies were in talks as long ago as August, a person familiar with the matter told The Wall Street Journal.China's largest milk producer by sales volume previously held a 1% stake in the Modern Dairy, and spent around $407 million to buy additional shares from companies controlled by private-equity firms CDH Investments and Kohlberg Kravis Roberts & Co.Modern Dairy, the country's biggest dairy farming company, isn't new to Mengniu. In 2008, Modern Dairy agreed to sell all of its raw milk to Mengniu at a negotiated price for 10 years--an agr...
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FBN’s Adam Shapiro on concerns milk prices will rise if Congress does not sign a new farm bill.
Italy's dairy sector will survive the ending of European Union milk production limits in 2015, agriculture minister Mario Catania told Reuters."Prices will be lower ...
China Mengniu Dairy Co. (2319.HK), which was among those whose baby formula was found to have contained the industrial chemical melamine in the 2008 tainted-milk sca...
Fifth-generation dairy farmer Jason Schmidt says he is a big believer in grazing. And for decades, the sheep, beef and dairy livestock raised on his family farm in N...
FBN's Jeff Flock reports the latest on the drought from a helicopter above America’s heartland.
