
Danish dairy Arla Foods has agreed to merge with German rival DMK.
Why it matters: This would create Europe’s largest dairy cooperative, with more than 12,000 farmers and combined annual revenue of around €19 billion.
- It also comes as the U.S. is expected to impose 20% tariffs on EU dairy imports, while the EU for now has removed dairy from its list of proposed tariffs on U.S. imports.
The bottom line: The companies said that the deal will provide “resilience … despite the anticipated decline” in European milk production.
You can now read the most important #news on #eDairyNews #Whatsapp channels!!!
🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K