date:Oct 21, 2015
from the European Union, and the backlog of milk powder in Chinese warehouses, which has reduced global milk demand and supressed prices.
But she said that dairy price deflation would not last in the long term.
Overall, we have said since the beginning that the deflation will not last and that we will see somewhere an inflation coming back and that mid-term we should see the milk back into inflation.
Stabilising sales
Danones dairy sales, which account for half of the groups revenue, are exp