Milk in Global Markets

Milk in Global Markets
  • Pininvest Analysis

Milk is one of the more attractive growth markets from a long-term perspective, in terms of per capita consumption

Because  co-operatives ensure a large part of the production, the top five players - France’s Danone DANOY/OTC) and Lactalis (private), Switzerland’s Nestle NSRGY/OTC), and China’s Mengniu Dairy CIADF/OTC) and Inner Mongolia Yili Industrial Group (600887:Shanghai) account for less than 20 percent of the retail market for dairy products worldwide

With co-operatives dominating in Northern Europe (Arla in Denmark, FrieslandCampina in the Netherlands), in India and in Australia (Fonterra FTRRF/OTC, investment opportunities are constrained, especially for Chinese milk companies seeking to diversify and to strengthen their industrial knowhow – next to Australian Burra Foods (Inner Mongolia Fuyuan Farming taking a 79% stake in 2016), listed companies on the New Zealand stock exchange have made noticeable and unusual runs in through March 2018 – A2Milk (NZX:ATM +380%) and Synlait (NZX:SML +130%)

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Milk in Global Markets • Updated:

Name Ticker Exchange Sector Industry Currency Cur.Price Mkt.Cap Perf. Vol. Risk Contrib. MDD
 
China Mengniu Dairy CIADF OTC Consumer Non-Durables Milk & Dairy Products USD 3.08 - -5.7% 30%   12% -27%
Danone DANOY OTC Consumer Non-Durables Food - Major Diversified USD 12.24 - -18.3% 26%   11% -35%
Dean Foods DF NYSE Consumer Non-Durables Milk & Dairy Products USD 0.80 74 M -73.6% 97%   6% -75%
Fonterra Shareholders' Fund FTRRF OTC Consumer Non-Durables Milk & Dairy Products USD 2.64 - -15.7% 41%   6% -36%
General Mills GIS NYSE Consumer Non-Durables Food - Major Diversified USD 54.10 33 B 8.3% 29%   16% -21%
Glanbia plc GLAPF OTC Consumer Non-Durables Food - Major Diversified USD 10.49 - -44.9% 51%   7% -51%
Grupo LALA, S.A.B GRPBF OTC Consumer Non-Durables Milk & Dairy Products USD 0.47 - -63.6% 79%   4% -71%
Nestlé NSRGY OTC Consumer Non-Durables Food - Major Diversified USD 102.44 - 10.3% 22%   14% -19%
Reckitt Benckiser RBGLY OTC Consumer Non-Durables Cosmetics & Personal Care USD 15.21 - -7.6% 29%   13% -25%
Saputo SAPIF OTC Consumer Non-Durables Milk & Dairy Products USD 24.21 - -26.4% 34%   11% -39%