[12 July/ Dairy Reporter]

The Global Dairy Top 20, looks at dairy turnover in billions of US dollars to create its chart. Nestlé has retained its number 1 ranking, with USD24 billion. Danone is now the number two company at USD18.3 billion, with Lactalis in third place at USD18 billion. The data Rabobank used for its calculations were based on 2016 financials, as well M&A transactions completed between January 1 and June 30, 2017. This calculation method meant the Lactalis acquisitions of Stonyfield and Omira were not considered. Dairy Farmers of America reached fourth place with a USD13.5 billion turnover. FrieslandCampina rose to fifth place while Fonterra slipped into sixth place. Rabobank attributes this to FrieslandCampina’s acquisition of a 51 percent share in Engro Foods. Rabobank noted the dairy sector has started to recover after two years of significant downturn.