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... a modest weakening in dairy prices is expected, forecast glanbia, as the company posted a profit jump in its half year results ... the irish dairy and nutritional firm said the upward trend in world dairy prices appeared to have peaked ... as a result, global dairy markets are forecast to be relatively positive for the remainder of the year,” said glanbia ... growth was driven by increasing demand for dairy in developing regions such as china, the middle east, north africa and russia led to continued demand and elevated prices, said group managing director john moloney ... challenges in ireland in ireland, dairy ingredients benefitted from strong global dairy prices, good domestic supply of milk and strong sales volumes, said the firm ... revenue in the dairy ireland business jumped by 30 per cent to €705 ... however, glanbia said the environment remained challenging for its irish consumer foods business, expects it to persist over the second half of the year ... strong growth in the us, dairy markets were significantly higher relative to the first half of 2010, said moloney ... positive market conditions drove a good performance in the company’s businesses dairy ingredients ireland, us cheese and international joint ventures

... a modest weakening in dairy prices is expected, forecast glanbia, as the company posted a profit jump in its half year results ... the irish dairy and nutritional firm said the upward trend in world dairy prices appeared to have peaked ... as a result, global dairy markets are forecast to be relatively positive for the remainder of the year,” said glanbia ... growth was driven by increasing demand for dairy in developing regions such as china, the middle east, north africa and russia led to continued demand and elevated prices, said group managing director john moloney ... challenges in ireland in ireland, dairy ingredients benefitted from strong global dairy prices, good domestic supply of milk and strong sales volumes, said the firm ... revenue in the dairy ireland business jumped by 30 per cent to €705

... irish dairy and ingredients group kerry has turned in a”solid” first half of 2011 that saw it increase volumes, weather raw material price hikes, and see success in a “go-to-market” functional ingredient strategy as profits jumped 6 ... ” “while the irish and uk consumer foods markets remain highly competitive with heavy promotional activity which delayed input cost recovery, kerry’s leading brands maintained good growth in the uk market and stabilised market shares in ireland,” it said ... it said all its divisions from savoury & dairy, beverage systems, sweet and cereal & sweet technologies had been forced to deal with the impact of rising costs

... irish dairy and ingredients group kerry has turned in a”solid” first half of 2011 that saw it increase volumes, weather raw material price hikes, and see success in a “go-to-market” functional ingredient strategy as profits jumped 6 ... ” “while the irish and uk consumer foods markets remain highly competitive with heavy promotional activity which delayed input cost recovery, kerry’s leading brands maintained good growth in the uk market and stabilised market shares in ireland,” it said

... a new dairy innovation centre has been founded in ireland to accelerate product development work ahead of the abolishment of quotas in 2015 ... with the prospect of quota restrictions being repealed, the irish government set a target this time last year for the industry to double milk output over the next 10 years ... in preparation, the irish dairy board (idb) and the government agency teagasc have struck up a partnership to support research that may increase the value of irish dairy exports ... first steps they began with development work on cheese in september 2010 and have now decided to formalise the relationship with the creation of a dairy innovation centre at teagasc food research centre, moorepark ... the team is currently working on four new cheese product concepts but the long-term ambition is to develop a variety of finished product concepts and dairy ingredients

... a new dairy innovation centre has been founded in ireland to accelerate product development work ahead of the abolishment of quotas in 2015 ... with the prospect of quota restrictions being repealed, the irish government set a target this time last year for the industry to double milk output over the next 10 years ... in preparation, the irish dairy board (idb) and the government agency teagasc have struck up a partnership to support research that may increase the value of irish dairy exports ... first steps they began with development work on cheese in september 2010 and have now decided to formalise the relationship with the creation of a dairy innovation centre at teagasc food research centre, moorepark ... the team is currently working on four new cheese product concepts but the long-term ambition is to develop a variety of finished product concepts and dairy ingredients

... the irish dairy board (idb) has appointed ian toal as ceo uk consumer foods arm adams foods ... he will be responsible for an adams foods business that includes its branded range of dairy products under the kerrygold and pilgrims choice brands and its cheese pre-packaging facilities in the uk

... dairy processing co-ops in ireland invest less in new product development than their counterparts in other countries, according to a kpmg study ... the conclusion is drawn from an industry analysis conducted on behalf of icos - the irish co-operative body ... looking at ways local dairy co-ops can improve their competitiveness, kpmg found that spending on r&d was an area of weakness ... jens bleiel, ceo of food for health ireland (fhi), which brings together irish dairy processors with government and academia to mine milk for new ingredients, agreed with the report findings ... com: “i think the report is a fair reflection on the irish dairy industry ... ” as the irish dairy industry prepares to work towards government targets to double national milk output by 2020, bleiel said investment in the software of science and innovation will be needed alongside the hardware of milk production ... ” seasonality barrier looking beyond r&d, other aspects of the kpmg study of the irish dairy industry were more complimentary ... the analysis concluded that both the return to irish milk farmers and milk processing costs “compare favourably” with international peers ... but concerns were expressed about the seasonality of the largely grass-based irish dairy industry

... irish dairy cooperative dairygold saw operating profit grow during 2010 on the back of increased turnover and through share trading activities ... the performance in our dairy operations reflects the improved efficiency of our plant, the continued optimisation of our product and customer portfolios, combined with strong returns from international dairy markets which triggered an increase in on-farm milk production and drove dairy sales volumes

... irish dairy and nutritionals company glanbia has reported a 22 ... a stronger than expected dairy market helped glanbia to deliver results above market expectations, and well above what it envisaged at the beginning of last year ... global dairy markets are expected to remain firm, underpinned by robust demand, particularly from asia, and demand-led growth in key nutritionals sectors ... the irish dairy ingredients business returned to profitability last year helped by the recovery in global dairy markets ... the only part of the group that really struggled in 2010 was the consumer products business which was affected by the weak irish economy ... regarding the failed attempt in the first half of 2010 to sell the irish dairy and agribusiness segments to majority shareholder glanbia co-operative society limited, glanbia said: “the group believes that this project is unlikely to be re-visited by the society in the medium term