Dairygold cuts profits to help farmers after ‘challenging’ year
Michael Harte, Ann Fogarty and Sean O Brien, at the launch of the Dairygold Annual Report 2023
Dairygold cut back its profits last year to support its milk and grain prices for farmers, after a "challenging" year due to decreased Chinese demand and reduced consumer spending.
The Cork co-op recorded a turnover of €1.4bn, a decrease of €254m versus 2022, primarily reflecting the significant fall in market returns over the course of 2023, it said.
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