UK: Robert Wiseman Dairies see costs in raw milk disposal
British milk giant Robert Wiseman Dairies said earlier today [Tuesday] that it is confident that sales volumes and turnover for the full year ended 30 March are in line with market expectations. In a trading statement, the firm revealed that higher than expected milk production off farms in the second half of the financial year, and the arrangements Wiseman put in place to cover an expected shortage of raw milk following the foot and mouth crisis, generated excess raw milk supplies. The disposal of these into weak secondary markets had a negative impact on operating margin of approximately £0.5m (US$0.71m).
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Recipe-kit firm HelloFresh launches into UK retail
- Germany's Haribo plans first US candy plant