Newspaper article The Journal (Newcastle, England)

Dairy Crest Welcomes Growth

Newspaper article The Journal (Newcastle, England)

Dairy Crest Welcomes Growth

Article excerpt

DAIRY Crest said its cheese business is helping to underpin growth in the face of a competitive milk market.

The group, whose other key brands are Country Life butter, St Hubert Omega 3 spread and Frijj milkshake, said trading in the six months ending September 30 was in line with expectations and ahead of the same period last year.

Sales of its key brands and milk to major retailers rose in the period, while it has increased selling prices to offset higher material costs.

In line with comments from rival Robert Wiseman two weeks ago, Dairy Crest described the liquid milk market as "currently very competitive". The company signed a five-year deal with supermarket Morrisons earlier this week. The retailer has also signed a similar contract with Arla.

Morrisons' group trading director said: "This latest deal further strengthens our commitment to support UK dairy farming. This provides long-term security to a large number of dairy farmers supplying these two major processors. …

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