Rabobank top 20 shows Nestle still first

摘要

The latest annual Rabobank survey of the world's largest dairy companies highlights the giants of one of the world's most valuable food sectors. In 2018, lower commodity prices, adverse weather conditions in key export regions, a strong US dollar, and currency shifts have affected the combined turnover of the Global Dairy Top 20 companies. In US dollar terms, there was an increase of 2.5% on the year, compared to 7.2% in the previous year. However, combined 2018 turnover in euro terms fell by 2%, versus an upward trend of5.1%in2017. Dairy analyst Saskia van Battum says, "The top three remained the same, although the gap between numbers one and two continues to narrow. For the third year in a row, there are no new entrants in the list, due to a lack of elephant deals over the past 18 months, but some reshuffling took place."