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 3.76 - -1.7% 32%   9% -27%
Danone DANOY OTC Consumer Non-Durables Food - Major Diversified USD 13.80 - -18.3% 30%   7% -35%
Dean Foods DF NYSE Consumer Non-Durables Milk & Dairy Products USD 0.80 74 M -17.5% 86%   21% -60%
Fonterra Shareholders' Fund FTRRF OTC Consumer Non-Durables Milk & Dairy Products USD 2.34 - -25.2% 43%   2% -36%
General Mills GIS NYSE Consumer Non-Durables Food - Major Diversified USD 60.43 37 B 16.5% 30%   11% -21%
Glanbia plc GLAPF OTC Consumer Non-Durables Food - Major Diversified USD 11.58 - -28.9% 54%   8% -43%
Grupo LALA, S.A.B GRPBF OTC Consumer Non-Durables Milk & Dairy Products USD 0.54 - -55.7% 129%   11% -71%
Nestlé NSRGY OTC Consumer Non-Durables Food - Major Diversified USD 110.44 - 9.1% 24%   10% -19%
Reckitt Benckiser RBGLY OTC Consumer Non-Durables Cosmetics & Personal Care USD 18.50 - 19.1% 31%   12% -25%
Saputo SAPIF OTC Consumer Non-Durables Milk & Dairy Products USD 23.78 - -19.3% 36%   8% -33%