Kerry, which supplies ingredients to the likes of McDonald's, also said pricing in its much larger taste and nutrition unit began to fall, with a third quarter decline of 1.4% reflecting some input cost deflation.
However, dairy volumes tumbled 12.1% from July to September to stand 6.2% lower year-to-date, with a 17.6% quarterly fall in pricing relating to"increased deflationary market dynamics". Edmond Scanlon, Kerry's CEO, said the company delivered a good overall performance in the period recognising varying conditions across our markets.
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