The largest producer of milk in the United States filed for bankruptcy -

The largest producer of milk in the United States filed for bankruptcy

Dairy company No. 1 of the United States declared bankruptcy amid falling demand.

The largest producer of milk in the United States filed for bankruptcy

Dean Foods has complained about a decline in milk consumption that has been going on for decades, so US residents have turned to alternatives such as soda, juice and almond milk.

A Dallas-based company said it could sell itself to Dairy Farmers of America, a marketing cooperative owned by thousands of farmers. The holding employs 16,000 people and 60 processing enterprises across the country. Every day on the roads of the United States moves 8000 refrigerated trucks with milk. Its financing from lenders amounted to about 850 million dollars.
Since 1975, the amount of liquid milk consumed per capita in the United States has fallen by more than 40 percent. A growing variety of drinks, experts say, including teas and sodas, is also negatively affecting milk consumption. There are also protein bars, yogurts, and other cooked breakfasts that replace Americans with a morning bowl of cereal.

Recently, problems with animal health and well-being have also contributed, as more and more buyers are looking for non-dairy alternatives. For example, according to Nielsen experts, sales of oat milk in the United States grew by 636 percent and amounted to more than 52 million dollars over the past year. Sales of cow's milk fell 2.4 percent over the same period.

However, not all dairy products were affected. For example, the consumption of butter and cheese in the United States has grown since 1996.

Source: Russian newspaper

13.11.2019 05:33:48
(Automatic translation)

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