Editor's choice: the highlights on just-food last week
A number of food multinationals last week reported first-half results. Highlights among them were Hershey's belief the US confectionery sector was at a new, elevated level of growth, while Mead Johnson, the infant formula firm, cut its sales forecast on slower growth in China. Elsewhere, UK dairy companies shelved plans to cut the price they pay farmers for milk and the US drought caused fears for inflation next year.
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