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