Primo Foods, which runs five factories and has annual revenues approaching $1.2 billion, lifted prices by 6 per cent in May.
after Rich Lister Andrew Forrest, who held a large stake
Mr Sabatta declined to comment on Primo Foods’ financial performance. But he did say it had a strong 2020 and 2021 when government restrictions and pandemic lockdowns resulted in a spike in at-home consumption.Input costs are climbing fast, and the impact of a big rise inhas been substantial. Primo Foods imports a large amount of pork from the United States and Europe.
Primo Foods generates about 70 per cent of its sales from retail channels, with a large chunk from big supermarket chains Woolworths and Coles.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Australia’s biggest bacon and ham group can’t keep up with demandPrimo Foods, which runs five factories and has annual revenues approaching $1.2 billion, lifted prices by 6 per cent in May.
Read more »
New Zealand just extended its fuel price cuts - why can’t Australia do the same?Australian motorists are being warned to prepare for a jump in petrol prices within weeks as a cost-saving measure comes to an end.
Read more »
Monkeypox: Schiff demands to know why US does not have more vaccinesAshish Jha, coronavirus response coordinator, defends Biden administration response but California Democrat wants answers
Read more »
The 47th parliament is the most diverse ever – but still doesn’t reflect AustraliaWhile women have made the biggest gains, parliament still has a long way to go to truly reflect multicultural Australia
Read more »
Into thin air: Why is Australia facing a gas crisis?Unbelievable though it is for a country with such plentiful supplies of gas, Australia’s east coast is now caught in the grip of an energy crisis. How on earth did it come to this? | joshgordo
Read more »
Into thin air: Why is Australia facing a gas crisis?In recent weeks, the market operator has been forced to stage a series of dramatic interventions to stave off winter blackouts. Meanwhile, consumers are facing higher energy bills. How on earth did it come to this | joshgordon
Read more »