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Danone issues profit warning over Spanish dairy consumption collapse
date:Jun 22, 2012
in January 2012 to the current figure of 24.44%.

Unemployment is clearly above the 20% mark now in Spain and above 30% in some regions. There is a clear link being made between the level of unemployment and the level of consumption. High unemployment has been pressing on consumption,said Trisse.

For us this has meant several things. First it means a slowdown in our categories. Fresh dairy as a category has turned negative since April and May of this year.

It means that private label have pro

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