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Alföldi Tej expects flat revenue in 2010

Hungarian dairy company Alföldi Tej Értékesítő és Beszerző (ATEB) expects this year's revenue to match the HUF 37 billion in 2009, managing director Tibor Mélykúti told MTI.

Revenue fell in 2009 from HUF 41 billion in 2008. Output is expected to fall by 20 million – 25 million liters to 245 million – 250 million this year, Mélykúti said.

Prices of dairy products in Hungary are expected to rise 4%-6% in July and by the same amount from the end of the year, he added. (MTI – Econews)