Robert Wiseman Dairies said today (30 December) that global dairy commodity prices had begun to fall – but warned that pressure from plastic and oil costs remained on the business.
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The UK dairy firm said its performance during the ten months to 26 January was “in line” with expectations.
The company said it had been “successful” in recovering increased costs by upping its prices last autumn but warned rising diesel prices could lead to a further price hike to boost margins.
Wiseman said its business was “in excellent shape” after its dairy in Bridgwater got up and running just before Christmas.
“This [dairy] will allow the group to begin to enjoy the significant savings from the elimination of additional haulage and premium running costs at our existing dairies, which have been operating beyond their optimum capacities,” Wiseman said.
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By GlobalDataThe company will issue its full-year results on 12 May.
