date:Feb 25, 2014
and Drinks business experienced significant margin pressure as subdued consumer confidence and a deflationary retail environment depressed volumes and milk input costs increased sharply in the last quarter, with volumes declining 4.3 per cent.
During the last quarter of the 2013 financial year, and since, Lion said margin pressure had intensified as milk prices increased up to 27 per cent in some States on the previous years average price and Lions ability to pass costs through remained high