Murray Goulburn sticks to milk price
Murray Goulburn (MG) dairy co-operative says it will still pay a southern milk region farmgate milk price of AUD $5.20 per kilogram of milk solids despite a reduction in its milk intake.
As currently forecasted, MG’s total 2018 financial year milk intake is expected to be a reduced amount of approximately 2.3 billion litres.
MG says the reduction has been offset by various cost and business improvements.
“While maintaining the forecast FY18 FMP range of AUD $5.20 – $5.50’kg MS, if the recent strengthening of the Australian dollar was to continue over the full financial year, this could create some uncertainty in relation to the achievability of $5.50/kg MS,” MG said.
“MG will continue to consider all avenues to maximise the available FMP.”
MG said it expects to announce its 2017 financial year results on 22 August 2017.
MG to sell Kiewa Country brand
MG further announced it has entered into an arrangement to sell its Kiewa Country brand and assets to a local business. MG said the sale price was confidential.
- ACCC proceedings against Murray Goulburn and former management
- Dairy farmers angry at milk price cuts
- Murray Goulburn’s takes further drastic measures
- Ari Mervis appointed as Murray GoulburnCEO
- Murray Goulburn, what went wrong?
- Murray Goulburn announces review of co-op
Following is an edited version of a presentation given to a group of owners of small businesses stru...
Fibre One snacks are now available in Australian supermarkets.
WHAT’S next in the dynamic war on plastic after McDonalds’ decision to phase out plastic straws?
The US arm of Mars has acquired pet-care company VCA for US $7.7 billion.
A University of Melbourne study has found one-third of Australians report health problems, including...
Last Friday April 27 2018 in Melbourne. A meeting of the state and federal environment minsters (MEM...
Consumer advocacy group, CHOICE, has announced what it thinks are Australia’s bets hot cross buns av...
3D printed meat may seem fanciful to the average Australian, but it represents an exciting and reali...