date:May 04, 2014
unit and bakery products were fetching lower-than-expected prices. In New Zealand, higher raw milk prices were eating into dairy earnings, Goodman Fielder said.
Tough Business
Its a really tough business and I dont see it changing in a hurry, Peter Rae, a Melbourne-based analyst at Morningstar, said by phone. The supermarkets really control pricing. Theyre introducing their own branded products and thats putting pressure on shelf space.
Goodman Fielders revenue has fallen for four straight ye