Arla lorry©Tim Scrivener
Dairy co-op Arla saw sales and profits surge in 2014, despite markets crashing since the summer. Pre-tax profit rose 6.4% to €314m (£233m), while revenues were up 7.5% at €10.6bn (£7.9bn). The business, part-owned by 3,000 British farmers, processed 11,738m kilogrammes of members’ milk in 2014 – 24% more than the previous year. World dairy prices hit record highs last February, before high supplies and dwindling demand caused market indicators to plunge more than 50%. See also: Dairy farmers still optimistic […]
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