Kerry Group reiterates full-year guidance despite drop in pricing

Group's Taste and Nutrition division saw volume growth of 3.4% between July and September

Kerry Chief Executive Edmond Scanlon. Photo By: Domnick Walsh © Eye Focus LTD. Web Site :    www.dwalshphoto.ie

Volume growth at the Kerry Group rose by 3.2% between July and September despite muted consumer demand amid continued inflation.

In a trading update on Thursday, the company said volume growth was ahead of food and beverage end markets. However, group price fell by 1.2% in the period with continued input cost deflation resulting in pricing for the year falling by 2.5%.