AUSTRALIA: Natfoods moves into higher-margin products as milk slumps
National Foods in Australia is moving into higher-margin dairy products as it struggles with the low price of milk sold to supermarkets. The company revealed a net profit of A$25.1m (US$13.12m) for the first half of 2001-2, up 12.5% but below expectations. This prompted a drop in its share price of 6% from A$3.20 to A$3 in one day. The price has since rebounded to A$3.26.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Comment: Premier has more to ponder than Brexit
- Trump seen as negative for global food trade
- 2017: food policy hotspots in the UK, EU and US
- The food market in 2017 - consumer trends and M&A
- Analysis: B&G Foods balancing growth and decline
- Weetabix takeover talk gathers pace
- Nestle mum on Mead Johnson takeover talk
- Unilever rebrands I Can't Believe It's Not Butter
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs