The continuing recovery of Danone’s infant formula business, impacted by the 2013 Fonterra whey protein concentrate (WPC) botulism scare, has “buoyed” the French dairy's Q3 results.
Danone has issued a profit warning for 2013 to account for the impact of Fonterra's recent whey protein concentrate (WPC) botulism scare, which the French dairy giant has claimed cost it around €170m ($230m) in sales.
Groupe Danone's growing interest in the Algerian dairy market
underlines the importance of the North African / Middle East region
to European milk processors.