Largest Milk Producer In US Files For Bankruptcy As Industry’s Profits Fall
Thursday, December 5, 2019 IST
The largest milk producer in the United States, Dean Foods, has filed for bankruptcy. The dairy industry has seen declining profits in recent years as fewer people are drinking cow’s milk, but 2019 was one of the worst years on record for the industry, especially for Dean Foods, which saw a 14% reduction in profits this year, as well as an 80% drop in its stock price.
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