date:Mar 29, 2013
6% more milk by volume compared with the prior year, while total external sales.
The company said that while its consumer business performance in New Zealand was slightly better than last year, Australias consumer business had to contend with a very competitive retail environment. Meanwhile, the ingredients business experienced a significant margin squeeze as the competition for milk supply in Australia intensified. This was compounded by an adverse product mix due to lower demand in the expor