US Congress has cleared a bill that will extend the government’s current milk-buying programme - effectively preventing a steep increase in the price of dairy products.
Pepsico says that the dairy sector is a ‘key component’ in its global growth strategy, and has the potential to post growth more than double that of bakery and chilled processed foods combined.
Dairy product sales in the US have continued to rise during 2008, defying higher prices for consumers and creating a number of challenges and opportunities for packagers in the future, according to a new report.