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Higher milk prices dampen sales growth at Danone
date:Apr 17, 2014
percent in the first quarter on the same period last year, a slowdown from 2.9 percent growth in the fourth quarter of 2013, Danone said.

HIGHER MILK PRICES

The dairy division posted sales growth of 3.9 percent, which was a slowdown from 4.9 percent in the fourth quarter.

This reflected a 3.7 percent fall in sales volumes offset by a 7.6 percent rise in prices. The volume decline came from price increases that started in the second half of 2013 in response to higher than expected milk prices

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