Top 20 Dairy Companies See Movement After Challenging 2015
Rabobank has released its annual survey of the world’s largest dairy companies and there have been a number of major moves.
The top three remained unchanged with Nestlé, Lactalis and Danone falling into their respective spots.
Chinese company Yili moved up two positions to #8 and German company Müller saw the largest rise going from #20 to #15. The largest negative mover was French company Savencia.
“First of all we see the effects of currency volatility, particularly the strengthening of the U.S. dollar against other currencies,” says Kevin Bellamy, global dairy strategist for Rabobank.
The collective turnover between the top 20 dairy companies was $194 billion in 2015, down 13% from the previous year. However, it was up 4% in euros at €174 billion.
“That’s more of a comment about the strength of the dollar versus the euro than performance of the companies on the list, but it has had an effect,” Bellamy adds.
Four U.S. companies are in the top 20 with Dairy Farmers of America going up a spot in the rankings to #4, jumping ahead of New Zealand’s Fonterra. Dean Foods fell one spot to #10, Kraft/Heinz climbed three spots to #13 and Schreiber Foods remained at #18. Land O’ Lakes fell out of the top 20 after ranking #19 last year.
For more on the Global Dairy Top 20 report or to watch a video from AgDay read more at Dairy Herd Management.