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08-23-2011, 07:11 PM #1
- Join Date
- Jan 2010
Juhayna agrees new pricing policy for milk purchases, Mal saysffCAIRO- Juhayna Food Industries (JUFO), Egypt’s biggest producer of packaged milk, agreed to adjust prices paid to farmers in line with fluctuations in the cost of fodder, Al Mal reported, citing Safwan Thabet, the chairman.
The measure, which came into effect at the start of July, will reduce the Cairo-based company’s profit margin, the newspaper cited Thabet as saying.
Juhayna will take steps, including cutting costs, to mitigate the impact of the policy change on profit, according to Al Mal.