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US: Dean Foods plays down threat of higher milk costs
date:Aug 13, 2012
US dairy giant Dean Foods has moved to cool concerns about the potential impact a jump in milk prices could have on its profits.

The drought in the US has put pressure on corn stocks and pushed up the price of the commodity, sparking fears that meat and dairy costs could rise.

Dean Foods chairman and CEO Gregg Engles acknowledged dairy costs were likely to increase but insisted the impact could be less extreme than some analysts predict.

Engles said if milk prices reach the higher end of fore

12/21 21:23