date:Sep 04, 2012
r and milk powder.
In part due to this the guaranteed price of milk from the member dairy farmers was less than in the first half of 2011, Hart added.
After excluding 15m cost of meadow milk premium (the company pays 0.30 per 100 kilos of milk to farmers who put their cows out to pasture), operating profit increased by 3.3% to 217m.
For the rest of 2012, the company said that the economic outlook remains uncertain, and the worldwide supply of milk could be under pressure due to drought in the US