Fee Se Tey GRIND Ussted states 6.7 GRD fussia 3.4 Yogurt consumption Per Capita yogurt consumption (Kg) - 2006 35.0 30.0 25.0 20.0 163 180 150 16.0 8 09 95 s2 91 10.0 5.0 0.0 es 2 SP EL SL SOX PEELE ELE EO FES Source: EuromonitorMarket overview (cont'd) Cows milk — global market ‘Consumption ( Sem nee) The malorty of global production is converted into derivatives (cheese, yogurt, etc) © Production registered average grown of 20% p.a. between 2005 and 2008, while consumption has. ‘increased only 0.7% p.a. on average ' Global cows milk production has reached 435.1 milion tons in 2008, and Brazil is in a distinguished position © China is responsible for almost half ofthe production, but neary all of which 's consumed internally repr suisse™ 1®