2019 Global Dairy Top 20 – M&A Shakes Things Up

In 2018, lower commodity prices, adverse weather conditions in key export regions, a strong US dollar, and currency shifts affected the combined turnover of the Global Dairy Top 20 companies. In US dollar terms, we still saw an increase of 2.5% on the year, compared to 7.2% in the previous year. However, combined 2018 turnover in euro terms dropped by 2.0% vs. an upward trend of 5.1% in 2017.

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