Valio Lifts Milk Price as Profits Rise
February 15
14:52
2011
Finnish dairy co-operative Valio increased profit after tax from Eur17m to around Eur37m in 2010 as it benefited from increased sales of branded products abroad and rising ingredients prices globally. Turnover rose from Eur1.79b in 2009 to Eur1.82b last year as international operations grew by 18% to offset a 5% drop in domestic sales.
Valio has now increased the price paid for raw milk to its producers by 2.5 cents per litre to 41 cents as of the beginning of April 2011. Valio is owned by 9,000 Finnish milk producers.
