date:May 06, 2014
food and beverage markets due to industry competitive pressures in response to constrained consumer demand. However Kerry noted that its ingredients and flavours businesses maintained good continuing volume growth ahead of its markets. Continuing business volumes increased by 4% relative to the first quarter of 2013. Pricing increased by 0.4%. Despite inflationary pressures resulting from significant negative currency movements, developing markets achieved strong underlying growth. Functional in