Goodman Fielder has played down reports that the world's biggest palm oil processor has its eye on the breads and spreads maker.

Wilmar raised its stake in Goodman from 5 per cent to 10 per cent in February, sparking speculation that Wilmar might make a bid for the owner of brands including White Wings and Helga's.

But Wilmar's chief executive Kuok Khoon on Wednesday said the Singapore-based company had no plans for a bid.

Goodman Fielder today said it had noted speculation about Wilmar's stake but said no offer had been made.

"Goodman Fielder confirms that it has not received a proposal from Wilmar or any third party regarding the ownership of the company," it said.

Goodman Fielder, which is undergoing a major restructure, on Tuesday posted a net loss of $146.9 million for 2011/12.

It is in talks with several parties about the sale of its New Zealand milling business.