date:Aug 02, 2012
ase is explained by unfavourable market factors of approximately $14m in the US and an inventory write down of $2.5m in the Argentinian division of the CEA Dairy Products Sector. These were particularly offset by a better dairy ingredients product mix and the favourable impact of increased sales volumes in the Dairy Products Division (Canada),it added.
US cheese prices and the Argentinian inventory write down were, however, offset by higher selling prices relating to the high cost of milk in Sa