Aussie co-op confirms farmgate milk price forecast
Murray Goulburn, Australia’s biggest dairy co-operative, has confirmed a full-year forecast farmgate price of A$6 per kg of milk solids.
MG chief warns of 'difficult' global conditions for dairy industry
Trading conditions facing the dairy industry are “extremely unusual and difficult”, the nation’s leading milk processor says. Murray Goulburn (MG) managing director Gary Helou was outlining the circumstances facing the industry in a letter to shareholders on Wednesday. Mr Helou said MG was maintaining its opening price and full-year forecast at $6 per kilogram milk […]
More #dairy mergers coming, says Murray Goulburn boss
The boss of Australia’s biggest dairy company is forecasting more consolidation in the sector, saying there «isn’t enough money to be made» for all players.
#Murray Goulburn's juggling act
When Agriculture Minister Barnaby Joyce came out this week and fired both barrels at the competition watchdog over its treatment of dairy co-operative Murray Goulburn, it reopened the contentious issue of national champions.
Aus needs #dairy boost: McKinsey
AUSTRALIA should consider emulating New Zealand’s decision to overlook competition concerns and create a dairy monopoly like Fonterra, consulting firm McKinsey & Company says.
Asia key to #dairy expansion
MURRAY Goulburn’s managing director Gary Helou says Asia – and particularly China – will remain the focus of the grower-owned co-operative for the next decade.
MG slams 'politicised' takeover approval
The managing director of Australia’s biggest dairy exporter Murray Goulburn, Gary Helou, said it was “inexcusable” that Foreign Investment Review Board (FIRB) approval process could be politicised.
#Fonterra rules out #Bega takeover
FONTERRA chief financial officer Lukas Paravicini said he sees room for further collaboration and supply agreements with ASX-listed Bega Cheese, but he ruled out a near-term bid for the NSW dairy company amid a wave of consolidation in the sector.
#Saputo increases share in WCB
Saputo is continuing to steam along in the fight for Warrnambool Cheese and Butter, despite being banned from paying shareholders who accept its offer.
#Dairy combatants turn attention to Bega
BEGA Cheese may be in play. Investment bankers on Melbourne’s Collins Street and their counterparts in Sydney are trying to position themselves to advise on a potential takeover offer for the NSW cheesemaker.