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Tag: dairy

  • HSC estimates Vinamilk shares worth $6.70

    HSC estimates Vinamilk shares worth $6.70

    According to HSC, Vinamilk’s shares are valued at VND152,000 ($6.7), higher than the current price of VND130,000 ($5.7). A representative from HSC, however, told that its price is only a forecast based on the price of raw milk and may change.

    Vinamilk owns ten farms around the country with over 17,000 heads of cattle. HSC estimates that, in 2016, its farms supplied 42,654 tons of raw milk, up 13 per cent and contributing 7 per cent of the company’s raw milk input.

    HSC also estimates that Vinamilk’s total raw milk from its farms and from buying from dairy farmers reached 221,433 tons in 2016, up 10.6 per cent against 2015. Net revenue is expected to reach over VND53.1 trillion ($2.3 billion) this year, up 13.6 per cent, and after-tax profit VND10.1 trillion ($444.4 million).

    According to HSC, Vinamilk will maintain stable growth thanks to the potential of its core business. It can maintain double-digit revenue growth in 2017 and the dairy sector will continue to grow at an average rate of over 10 per cent.

    It forecast that Vinamilk’s average annual growth rate in net sales from 2017 to 2020 will be 10.9 per cent and after-tax profit 9.3 per cent.

    Vietnam’s largest dairy producer began operating the country’s first-ever organic dairy farm under European standards in the central highlands province of Lam Dong on March 14.

    The farm has investment capital of $8.7 million, is certified by the Netherlands-based global network of inspection operations, Control Union, and has a herd of 500 imported cows. “We apply close monitoring measures to ensure the herd only produces high-quality milk,” said Ms. Mai Kieu Lien, Vinamilk’s CEO.

    The farm reflects the company’s commitment to clean and sustainable production, she added, with Vinamilk wishing to make high-quality products available to Vietnamese consumers at reasonable prices.

    Vinamilk’s revenue was estimated at $2 billion in 2016, up 15 per cent compared to 2015. Pre-tax profit stood at VND11.2 trillion ($492.8 million) and after-tax profit VND9.3 trillion ($409.2 million).

    It targets revenue of $3 billion this year. If reached, Vinamilk would break into the Top 50 milk producers in the world.

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  • Yakult Indonesia still relies on imported milk for dairy drinks

    Yakult Indonesia still relies on imported milk for dairy drinks

    Yakult Indonesia Persada, one of the major producers of fermented milk products, still relies on imported raw materials for its production in Indonesia.

    Yakult Indonesia vice president and director Hiroyuki Kawada said the company had to import ingredients because local milk had yet to meet the standards for the company’s fermented milk |production.

    “We mostly import the skimmed milk from Australia, and the rest is from Belgium,” he said.

    Yakult Indonesia Persada, a subsidiary of Japan-based Yakult Honsha, was established in1990. The company operates a factory in Sukabumi, West Java, and another in Mojokerto, East Java.

    The factories can produce 6.6 million 65-millilitre bottles of cultured dairy drink a day. The company sells its fermented milk through supermarkets and through “Yakult Lady”, a sales force of women who sell the product door-to-door in many parts of the country.

    “There are 7,600 Yakult Ladies now, and they can reach 30 houses per day each,” said Antonius Nababan, the companies marketing communication and commercial (MCC) director. Zulkarnain, the MCC’s senior assistant manager, said sales averaged 5 million bottles a day.

    Indonesia was the second-biggest market for Yakult products after Japan, which has 10.18 million consumers.

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  • Lao Dairy Farm carves out healthy market niche

    Lao Dairy Farm carves out healthy market niche

    The farm is located in Naxineua village, Naxaithong district. It keeps a variety of animals, including goats, pigs, ducks, chicken, and fish, but its mainstay is ists herd of dairy cows.

    Farm Director Sengmany Yathotou told last week that they began in 2014 with 16 cows which they kept for the family’s use and tended to after work because the family enjoyed agricultural activities.

    To start with, they never thought about how much milk they obtained from the cows each day and didn’t think about selling it. They used it only for their own consumption, sometimes giving some to their neighbours, friends or relatives.

    After a year, people in the neighbourhood and nearby shops started asking them to provide milk for sale because they had tried it and liked the taste.

    They started to sell the milk in markets and shops in Vientiane such as M-Point Mart, and coffee and cake shops, and have since expanded their distribution from four to eight minimarts.

    Their 16 original cows were bred in Australia but were imported from Thailand. The family now has 110 cows including some calves that were born on the farm.

    Sengmany says the farm is equipped with modern technology that ensures all the milk is hygienically produced and the milk-based products are made on the premises.

    The farm is now promoting its “Crysta” brand and hopes it will become widely recognised and be able to compete with overseas milk brands.

    The cows are milked twice a day, with each giving 10 to 15 litres, making a daily total of about 450 litres.

    Sengmany plans to expand her milk market in the provinces of Luang Prabang, Xieng Khuang and Attapeu, and is currently looking at transport costs.

    “Keeping a dairy herd is still something new for us, especially getting the cows pregnant so that they produce calves. It’s very difficult as we’re not very familiar with this and run the risk of the newborn being a male rather than a female, and of course we would prefer females,” she says.

    “The second challenge is that we have to get more people interested in eating and drinking food produced in Laos. But we’re sure that if they try our products they will find that the taste and quality is the same as international brands.”

    The farm covers more than 10 hectares, including fields of Napier grass and sweetcorn for the cows to eat.

    The family makes pasteurised milk, yogurt, and yogurt drinks.

    The milk is popular with expatriates and is also used to make cheese, which is sold to shops.

    The Lao Dairy Farm employs 40 people including two specialists from Thailand and Vietnam who studied milk production in Denmark.

    “Some of our cows are pregnant and there are three or four births each month, so that means we will have more cows and we’re sure to get at least 700 litres of milk a day in the next three months and then we will expand our market to the provinces,” Sengmany says.

    The cows’ pregnancy lasts for nine months after which they produce milk. The calves can become pregnant when they are one year old.

    Some of her customers ask Sengmany why her products are not cheaper since they are made in Laos. But she explains that everything on the farm is new and imported, especially the medicines and vitamins that are given to the cows. They use high quality materials but she points out that their retail prices are no higher than anyone else’s.

    The Lao Dairy Farm plans to open a cafe on the first floor of Lao-ITECC, which will feature milk and yogurt, as part of its market expansion plans.

  • Australia Introduces Premium Dairy Products to Indonesian Chefs

    Australia Introduces Premium Dairy Products to Indonesian Chefs

    Australia’s Victorian Agricultural Minister Jaala Pulford collaborated with Podomoro University’s culinary students, Indonesian vocational schools and Dairy Australia to showcase Victorian  premium dairy products during a cooking demo held at Podomoro University in Jakarta.

    Victoria State’s Commissioner to Indonesia Brett Stevens said that Indonesian chefs are expected to acquire skills to creatively and innovatively process dairy products since demands on such products from domestic and foreign markets are increasing.

    “Therefore, we are happy to support this event,” Stevens said in a press release received by Tempo on Tuesday, September 27, 2016.

    The event was held as a part of Victoria State administration’s commitment to work with Indonesia’s education and hospitality sectors to develop both sides’ competitiveness and to transfer skills and knowledge.

    Minister Pulford’s visit to Indonesia was aimed to strengthen trade cooperation and investment between the two countries, in addition to improve cooperation in major sectors, such as education and professional service.

    Victora State is the largest Australian dairy producer well-known for its safe and high-quality products.

    The cooperation is expected to improve the quality of Indonesian professionals in the culinary sector by introducing them to new culinary techniques.

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