Boycott costing Danish companies €1.5m a day

THE boycott of Danish goods to protest against the publication of Prophet Mohammed caricatures is costing Danish businesses around €1.5m a day.

So far, the main suffering is being felt by Arla Foods, one of Europe's largest dairy companies, but the effects could spread.

Steen Bocian, a chief analyst with Danske Bank, said Danish goods are threatened in 20 Muslim countries, representing nearly €1.5 billion annually.