date:May 20, 2013
creases contributed close to 4%. The positive impact of the acquisition of Aseptic Solutions, which was completed in July 2012, was 2%.
Consistent with global dairy market trends, US cheese prices in the period to April were higher than the same period in 2012. Cheese demand was robust during the period and volumes were ahead year-on-year. However, these positive factors were offset by an increase in milk cost which resulted in a broadly similar performance by US Cheese when compared with the f