USA – chicken settlement

Pilgrim’s Pride has agreed to pay $100m to settle allegations that it conspired with rivals to underpay chicken farmers, the largest payment in the seven-year-old antitrust case.

Mexico – top 20

Mexican dairy company Grupo Lala entered Rabobank’s list of global top 20 dairy processors, replacing Glanbia, which dropped down the ranking.

Switzerland – Nestlé CEO

Nestlé announced that Laurent Freixe will become the company’s new CEO from 1 September, replacing Mark Schneider, who held the role for eight years.

New Zealand – job cuts

Fonterra announced that 80 jobs will be cut from its finance office in New Zealand as part of the company’s on-going restructuring.