nternational food group Glanbia has blamed EU dairy sector restructuring and upheavals in the Irish market for last year’s disappointing finances.

A combination of EU reform, inflation and a competitive market are said to have affected the company’s Irish operations, resulting in a loss of 7% operating profit.
However, international businesses fared better, including USA Food Ingredients, and joint ventures in New Mexico and Nigeria, while achievements by German-based Kortus Foods Ingredients Services were ahead of expectations.