Lactalis Heritage Dairy, Inc.

So there's a couple of stories about this.

So at the agency, one of my clients was Lactalis.

So many people I think in the UK don't realise that a lot of what they think of as British cheese is French.

So Seriously Strong Cheddar is owned by Lactalis, a French company.

So they were one of my clients and Some years ago, back in the days when I was first getting into all the kind of emotional advertising and irrational decisions and being influenced by you, which we've come on to, I did a presentation to them.

I was talking about, for example, talking about how loyalty strategies don't generally work and all this sort of stuff.

We've talked about it on this show before.

There is unprecedented investment at the moment in the US dairy, over forty investments totaling over thirteen billion US dollars, with many big cheese plants up in the center valley of the US, Leprino, Hilmar, Bell, Valley Queen, Lactalis, Bongard, to name but a few, all investing billions of US dollars in milk processing at the moment.

So what impact will that have? There is a global concern that this might be a case of a flock of sheep following each other over the cliff edge.

With that investment, what does it mean in terms of protein product? In total, the suggestion is that in four years there will be five hundred thousand tons of additional cheese.

I leave that to other people.

Um, I guess other news, Fonterra announced their, um, end of year results there, um, t- last week, and, um, obviously looks like the company is performing well.

So, so far, so good for the divestment, um, [lip smacks] to Lactalis.

So yeah, uh, truck along here, uh, busy, head down, bum up, as they say, but, uh, tomorrow's another day.

It ruled that prescription validity, sick note limits and fee restrictions require a clear legal basis in the Social Security Code before enforcement.

some welcome news on the forecourts today as drivers in luxembourg will benefit from notable fuel price reductions overnight 95 octane petrol fell by 9.5 cents per litre while 98 octane petrol tumbled to 10.1 cents now costing 2 euros 0.015 diesel also fell though less substantially down 3.8 cents and finally heating oil dropped three point cents 3.6 cents per litre 50 of the 68 Prolek dairy farms have agreed to supply milk to Luxley after Lactalis ended its contracts with Luxembourg producers.

Of the remaining farms, some will join other dairies, while around six plan to leave dairy farming altogether.

Ten are also expected to supply Dutch company Royal Aeware from April 2027.

And time for your latest RTL Today news, sports and weather.

50 of the 68 Prolek dairy farms have agreed to supply milk to Luxlay after Lactalis ended its contracts with Luxembourg producers.

Of the remaining farms, some will join other dairies, while around six plan to leave dairy farming altogether.

Ten are expected to supply Dutch company Royal A Ware from April 2027.

Number five, in New Zealand, dairy farmers can look ahead to strong milk payouts next year and will be banking a record high cash payout for the year just completed, says ANZ New Zealand agri-economist Matt Dilley.

And in addition to that is a $2 per kilo milk solids tax-free capital return resulting from the sale of Fonterra's consumer business to Lactalis that went through earlier this year.

So if you add that all up, you get $12.42 per kilo of milk solids, which is a fantastic result for dairy farmers here in New Zealand.

Matt Tilley there.

So $2.6 billion annual profit, this is Fonterra.

$1.2 billion coming from the sale of the mainland brands to the French.

$20 billion being paid out this year.

Not too worried about El Nino yet.

Yes, Fonterra had a bumper result.

The big number was 3.4 billion, but we have to remember that about a third of that was the proceeds of the sale of its consumer business to Lactalis earlier in the financial year.

Clear away all the smoke and the bottom line profit was about $1.2 billion.

Revenue of $27 billion.