Dairy cooperative Arla Foods, which makes Lurpak butter, says large price hikes boosted sales revenues in the first six months of the year but warned that consumers would spend less in future as more rises are expected.
Arla, owned by more than 9,400 farmers in Denmark, Britain, Sweden, Germany, Belgium, Luxemburg and the Netherlands, said sales between January and June rose 17% from a year earlier to £5.46 billion.
