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RABOBANK PUBLISHES LIST OF WORLD'S LARGEST DAIRIES
BrownfieldAgNews reports:

Rabobank has published its annual list of the 20 biggest dairy companies in the world. Swiss-based Nestle' remains the biggest with sales of $30.1 billion in 2012.

France is home to the next two, DANONE with $19.4 billion in sales and Lactalis with $18 billion. New Zealand's Fonterra is number-four with $16 billion last year. Friesland/Campina of the Netherlands is fifth with $13.5 billion in sales last year.

The top-five have been the same since 2007, those five now account for more than 49 percent of the top-20's total sales.

Dairy Farmers of America is the largest U.S. dairy company with $12.1 billion putting them sixth on the list. Arla Foods of Denmark and Sweden is seventh with sales of $10.8 billion moving past Dean Foods, the Texas-based company had sales of $8.8 billion last year. Canada's Saputo is ninth on the list with $8.4 billion while Japan's Meiji is tenth with $7.7 billion in sales.

Two other U.S. companies in the top-20; Kraft, with sales of $5.7 billion slipped from number-nine last year to number 16 this year following the split of its U.S. grocery business. Schreiber Foods held steady at number-19 with $4.5 billion in sales.

There are two Chinese dairies on the list; Yili at number 12 and Mengniu at 15; both have moved up the list in the past year and Rabobank projects at least one will be in the top-10 next year.

Rabobank notes 19 of the 20 companies on the list bought, sold or changed capital structure in the last 18 months contributing to further industry consolidation in most cases.


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