date:Jul 18, 2012
this included a good performance from St Hubert.
According to McNeera, Dairy Crests decision to close dairy plants in Aintree and Fenstanton, a reduction in the price paid for raw milk and a Juneincrease in bulk cream prices has kept the it firmly on track to achieve targetted efficiency savings of 20m.
Inputs costs such as fuel and plastics costs have also fallen recently, aiding the pressure on dairy margins,added McNeera.
Investec Securities Nicola Mallard reiteratedMcNeera's forecast.
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