Murray Goulburn and Fonterra are playing chicken with dairy farmers
Dairy giants Murray Goulburn and Fonterra played a dangerous game of chicken by hanging onto high milk prices despite the global dairy market volatility.
Australia's biggest dairy producer issues profit warning on slow China sales
Murray Goulburn Co-operative Co Ltd, Australia’s biggest dairy producer, said its managing director quit on Wednesday as it blamed weaker than expected China sales for a profit warning, sending its shares to a record low.
Dairy co-op Murray Goulburn cuts milk prices, MD Gary Helou departs
Australia’s largest dairy processor Murray Goulburn has announced it will cut its milk price for suppliers, with managing director Gary Helou also announcing his departure.