Milk producer PT Ultra Jaya Milk Industry & Trading (ULTJ) Tbk booked net profit of Rp89 billion in the first quarter of 2014, dropped by 22.3% from the corresponding period of 2013 despite 12.3% growth in sales revenue. How about Indofood CBP’s dairy segment in the period? What if the next government raises import duty of fresh milk to boost domestic farming?
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