date:Jun 29, 2012
of a strong balance sheet,said the statement.
The main challenge for the company was its 1.7bn litre per annum dairies division which was seeing aperfect stormof compression of supermarket pricing alongside higher farmgate and oil prices.
While farmgate and oil prices were now easing, strong cream prices which had provided a buffer had now collapsed, said Shirley.
The business wasjust about breakevenat present, and all three major dairies in the UK, Arla UK's dairies and Robert Wiseman (now o