Alaska Milk Corporation
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PCC-Issues-Paper-2021-03-Issues-Paper-On-The-Philippine-Milk-Products-Industry.Pdf
PCC Issues Paper No. 03 Series of 2021 PAPER ISSUES Issues Paper on the Philippine Milk Products Industry Francis Mark A. Quimba Kirsten J. Dela Cruz Issues Paper on the Philippine Milk Products Industry Francis Mark A. Quimba and Kirsten J. Dela Cruz Published by: Philippine Competition Commission 25/F Vertis North Corporate Center 1 North Avenue, Quezon City 1105 PCC Issues Papers aim to examine the structure, conduct, and performance of select industries to better inform and guide PCC’s advocacy and enforcement initiatives. The opinions, findings, conclusions, and recommendations expressed in these studies are those of the author(s) and do not necessarily reflect the views of the Commission. This work is protected by copyright and should be cited accordingly. The views reflected in this paper shall not in any way restrict or confine the ability of the PCC to carry out its duties and functions, as set out in the Philippine Competition Act. PCC reserves the right, when examining any alleged anti-competitive activity that may come to its attention, to carry out its own market definition exercise and/or competition assessment, in a manner which may deviate or differ from the views expressed in this paper. [email protected] | www.facebook.com/CompetitionPH | www.twitter.com/CompetitionPH | www.phcc.gov.ph CONTENTS LIST OF TABLES AND FIGURES ...................................................................................... 2 BACKGROUND ................................................................................................................. -
Alaska MILK CORPORATION
AlASKA MILK CORPORATION THE MARKET ACHIEVEMENTS nutritionally comparable product at a locally more There is an ever-growing awareness in the Philippines of Alaska pioneered the milk industry in the Philippines and acceptable price. By 1976, the Alaska brand became the both the nutritional and health-giving benefits of milk. keeps its leading position by continually adjusting to market leader, a position it retains to this day. Alaska can proudly claim a great deal of the credit towards shifting market tn:nds. In 1975, the Marikina Dairy Corporation owned by creating this awareness. From the initial, but cver-popularcanned evaporated the Australian Dairy Corporation became a shareholder As with most countries located in the tropical belt, and sweetened condensed milks, the range has expanded. in the Company. The equipment from that plant was later the Philippines has never had a dairy industry. The increasing popularity for milk powder has been relocated to Cebu to strengthen the business in the Milk is therefore not a traditional component of the catered for by increasing plant capacity. growing Visayas and Mindanao markets. Filipino diet. When Alaska filllt commenced operations, Alaska pioneered the introduction of Ultra Treated In addition, in 1976 the company pioneered UHT thiny ycalllago, as an imponerof milk products, the daily milk in the Philippines using the Tetra-Pack. The Alaska aseptic packaging in the country in conjunction with Tetra per capita consumption was substantially below Fresh is highly nutritious milk that has been treated to Pale A line offlavored milks and fruit juices was initially nutritional recommendations. eliminate microorganisms allowing a long-shelf-life even launched. -
Frieslandcampina Half-Year Report 2016
Half-year Report 2016 Royal FrieslandCampina N.V. Key developments first half-year 2016 2 Milk supply increases, revenue and profit decrease due to price and margin pressure Milk supply member dairy farmers Revenue decreases by 2.2 percent to increased by 583 million kilos (11.9 percent) 5,522 million euros; positive volume-mix effect on revenue of 5.1 percent, 5.6 percent lower sales prices and 1.5 percent Increase volume basic dairy products unfavourable currency translation effects (milk powder, foil cheese and butter) sold at a loss Operating profit decreases by 18.8 percent to 255 million euros due to lagging Further increase in volume and operating profits Cheese, Butter & improvement in result in South-East Asia, Milkpowder and Consumer Products China and the FrieslandCampina Europe, Middle East & Africa; currency Ingredients business group translation effects have a negative impact of 30 million euros (9.6 percent) Volumes in Europe recovering, but result under pressure Profit decreases by 16.7 percent to 160 million euros; currency translation Volumes and result in Africa under pressure effects have a negative impact of 27 million due to low oil prices and political instability euros (14.1 percent) Cash flow from operational activities decreased to 165 million euros (first half- year 2015: 319 million euros), also due to lower profit and higher working capital Half-year Report 2016 Royal FrieslandCampina N.V. Key developments first half-year 2016 Milk price and interim pay-out Strategy route2020 3 significantly lower Guaranteed -
Report Name: Food Processing Ingredients
Required Report: Required - Public Distribution Date: April 06, 2021 Report Number: RP2021-0012 Report Name: Food Processing Ingredients Country: Philippines Post: Manila Report Category: Food Processing Ingredients Prepared By: Approved By: Morgan Haas Report Highlights: Following two years of contraction, the Philippine food manufacturing sector is expected to expand 1 percent in 2021. Household consumption expenditures of food and non-alcoholic beverages remain relatively strong, up 5.3 percent year-over-year in the fourth quarter of 2020. Philippine food manufacturing continues to offer excellent opportunities for a number of U.S. products, including but not limited to dairy, milling wheat, and raw materials for processed meat products. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Market Fact Sheet: Philippines Market Outlook Philippines: Quick Facts CY 2020 Demographics The Philippines is an emerging market with a young, 110 million population (July 2021 est.) growing working-age population. GDP is expected to 1.49% population annual growth (July 2021 est.) grow 5.5 percent in 2021. 52% under 24 years old & median age of 24 years old 47% urbanization rate Agricultural Exports to the Philippines 13% resides in Metro Manila (capital city) 76% speaks English & 98% literacy rate The Philippines Gross Domestic Product (GDP) is the ninth GDP: $370 billion GDP per capita: $3,330 largest export GDP growth rate: -9.5% GDP PPP: $1,025 billion market of U.S. agricultural Agricultural & Related Trade products. The Exports to PH: $12.9 billion PH Exports: $6.8 billion United States remains the Consumer-Oriented Agricultural Products: largest single- - Pork - Beverages country supplier - Beef - Confectionary - Poultry - Fruits & vegetables of agricultural - Dairy - Food preparations products with a 22 percent market share. -
Frieslandcampina Half-Year Report 2012
Half-year Report 2012 Royal FrieslandCampina N.V. 2 Half-year Report 2012 Key figures 2012 2011 2011 first first change full half-year half-year % year 5,089 million euro Results in millions of euros revenue up by 7.6% Revenue 5,089 4,730 7.6 9,626 Operating profit 217 210 3.3 403 Profit for the period 138 127 8.7 216 Balance sheet in millions of euros Balance sheet total 6,368 5,544 5,739 37.6 % Equity 2,397 2,166 2,264 Equity attributable to the solvency after acquisition of shareholder of the Company and other capital providers 2,280 2,057 2,148 Alaska Milk Corporation Net debt 1 1,059 920 699 Equity as a percentage of the balance sheet total 37.6% 39.1% 39.4% Cash flow in millions of euros Net cash from operating 247 million euro activities 247 63 508 Net cash used in investing operational cash flow improved activities - 461 - 119 - 340 Value creation for member dairy farmers in euros per 100 kilos of milk (excl. VAT at 4.41% fat, 3.47% protein) 36.51 euro Guaranteed price 34.14 2 36.33 - 6.0 36.94 Pro forma performance milk price down by 5.5% premium 3 1.42 1.38 2.9 1.10 Pro forma registered reserve member bonds 3 0.95 0.92 3.3 0.73 Pro forma milk price 3 36.51 38.63 - 5.5 38.77 Pro forma meadow milk euro premium 4 0.32 0.03 0.03 2.37 Pro forma special supplements 5 0.11 0.12 0.12 performance premium and Pro forma milk price registered reserve up by 3.0% + supplements 36.94 38.78 - 4.7 38.92 Milk supplied by members in millions of kilos 4,560 4,513 1.0 8,838 1 The net debt relates to long-term interest-bearing debts, borrowings from financiers 4 As of 2012 dairy farmers who put their cows out to pasture receive a meadow milk and the balance of obligations to and claims from associated companies less cash and premium of 0.50 euro per 100 kilos of milk.