Austria's accession lowers food prices for consumers
Article Abstract:
Austria has joined the European Union (EU) which has meant lower food prices in the shops, but dairies are hit by low milk prices. Food retailers have cut prices for a number of foodstuffs. Dairies are paying less to farmers since they receive less from retailers, and there is concern that retailers may seek to rase prices and use cheaper imports. Beer prices have not fallen, although brewers can pay less for their raw materials. Savings made in this way are likely to be invested in advertising.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
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Danone profits back on course
Article Abstract:
Danone has provisionally reported a 3% rise in profit to 3.52 billion French francs for 1994, when the company's turnover was up by 9.6% at 76.8 billion francs. Beer and mineral water sales were boosted by hot summer weather though pasta and groceries sales fell and were affected by price competition. Biscuit sales were stable. The company aims to increase the proportion of its sales coming from beyond Europe to 50%, and such sales rose to 7.8 billion francs from 4.6 billion francs in 1994.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
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German beer and food group Marz struggles against losses
Article Abstract:
In the financial year 1993 94, German brewery and food concern Gebruder Marz saw heavy losses, and has now agreed to sell off its Bavaria-St-Pauli-Brauerei operation. It hopes to return to profit by the end of 1994 95, establishing a stronger presence in the south German beer market and introducing more non-alcoholic drinks.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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