Global Dairy Top 20 2017
The latest annual Rabobank survey of the world’s largest dairy companies highlights the giants of one of the world’s most valuable food sectors, which has started to recover after two years of significant downturn.
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As prices start to move up again and milk volumes delivered by farmers become more limited, dairy companies have once more become more focused on value strategies rather than volume strategies driving their actions and attitude to growth.
Dairy price recovery in 2016 came too late to be reflected in the combined turnover of the top 20 companies, which, in 2016, was down 1.6% on the year—but down a dramatic 14.4% in US dollar terms since 2014 (-1.3% and +2.7%, respectively, in euro terms), due to the significant reduction in milk values which has occurred over the period and the weakened world market demand.