date:May 11, 2012
our growth strategy in terms of Global Nutritionals. There is capacity to invest in that area in the region of 150m.
Higher-end whey demand
But despite stable volumes, US Cheese revenues fell due to lower cheese prices, and Glanbia said that prices in most global dairy categories had weakened in 2012, due to an oversupply of milk as a result of good weather in producing regions. Nonetheless, it expects overall divisional revenue and operating profit in line with H1 2011.
Robust demand for hig