date:Jun 30, 2012
has already begun to bite dairy processors in the European Union (EU).
Earlier this year, Danone reduced its operating margin target for 2012 to account for a steeper sales fall than anticipated in Southern Europe.
Demand will continue to expand in emerging markets such as China, India and Brazil, the Rabobank report added, but the rate of growth will be slower than in recent years.
Lacklustre demand
Demand will remain lacklustre in the face of a weak global economy, slowing the pace of pric