Australia’s beer market is expected to remain tough in the short-term, according to the head of Foster’s Group’s beer arm.
The country’s beer sector shrank by 1% in volume for the six months to the end of June and the situation is unlikely to improve soon, said the finance director of Carlton & United Breweries (CUB), Stephen Matthews. “In the short-term, we do expect subdued volumes,” he told analysts at a two-day Foster’s investor event at the end of last week.
However, CUB believes the lower consumer demand is due to unusual circumstances.
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