Middle East recovery could take years, warns Arla
Arla Foods said its future on the key Middle East dairy market was in jeopardy, after the group stopped production for the area amid a widescale boycott on Danish products by Muslim consumers.
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Arla Foods said its future on the key Middle East dairy market was in jeopardy, after the group stopped production for the area amid a widescale boycott on Danish products by Muslim consumers.
Danish dairy group Arla Foods said sales had come to a standstill in the firm's key Middle East region as Muslim consumers in several countries boycotted Danish products.
Prices for raw materials and energy are forecast to rise by around five to 10 per cent this year, but Nestlé believes cost cuts will balance the equation out, the company's chief executive said yesterday.