Sentences with phrase «global dairy prices did»

This compared with its prospectus forecast of $ 89 million, and previous warnings to investors that its net profit would be between $ 66 million and $ 86 million if global dairy prices didn't recover as expected.

This compares with its prospectus forecast of $ 89 million, and previous warnings to investors that its net profit would be between $ 66 million and $ 86 million if global dairy prices didn't recover as expected.

Not exact matches

Global dairy prices may have recovered over the past year but that does not mean that dairy producers and processors in the UK are creaming off high profits.

If Murray Goulburn cuts the farm gate price, other milk processors are expected to follow, given the co-operative's position as a price setter in the market and recent comments from its competitors that this season's price did not reflect global dairy conditions.

But the New Zealand dairy giant's chief executive Theo Spierings, said this was too high and did not reflect a collapse of global prices for key dairy commodities.

Fonterra chief executive Theo Spierings said the Australian farm gate price did not reflect the global dairy rout and called for an «honest debate about what is being earned in the market».

But he warned that could slide to $ 5.60 - $ 5.90 a kilogram if global prices for key dairy commodities did not improve as expected.

Last August Theo Spierings, the chief executive of the world's biggest dairy exporter, Fonterra, said the Australian farm gate price did not reflect the collapse in global dairy prices, which have more than halved in the past two years.