Milk hits Glanbia
Rising milk prices have hit profits at Glanbia Cheese and its consumer products division.Turnover in the six months to 30 June at the division fell 1.3% to £169m, but group sales rose 13% to £705m.
Clarification
Overall milk consumption has not fallen by 3%, as claimed in the Consumer Insight column (18 August, p61). It has risen - it is only drinking milk consumption that has fallen.
EU milk trade
The NFU has seized on a Defra report into the trade in liquid milk between Britain and the Continent as support for the theory that Britain should not be considered a closed market when competition authorities are assessing acquisitions by dairy companies.
Rising milk prices have hit profits at Glanbia Cheese and its consumer products division.Turnover in the six months to 30 June at the division fell 1.3% to £169m, but group sales rose 13% to £705m.
Clarification
Overall milk consumption has not fallen by 3%, as claimed in the Consumer Insight column (18 August, p61). It has risen - it is only drinking milk consumption that has fallen.
EU milk trade
The NFU has seized on a Defra report into the trade in liquid milk between Britain and the Continent as support for the theory that Britain should not be considered a closed market when competition authorities are assessing acquisitions by dairy companies.
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