Global Dairy Top 20: To Invest or Divest – That Is the Question
Rabobank’s annual listing of the Global Dairy Top 20 companies by turnover highlights the strategic movements within one of the world’s most valuable food sectors.
“Exchange rate fluctuations, modest commodity price appreciation, below-trend increases in milk production in key exporting countries, and limited organic growth in major dairy categories contributed to relatively modest gains in the combined turnover of the Global Dairy Top 20,” according to Mary Ledman – Dairy Global Strategist. In US dollar terms, this means the combined turnover increased by 1.3% on the year, vs. the 2.5% increase posted in 2018. In euro terms, combined 2019 turnover rebounded by 6.5% in 2019, following 2018’s 2% decline.