
Murray Goulburn takes $108m Woolies hit
Troubled dairy co-operative Murray Goulburn will lose $108 million in revenue after supermarket giant Woolworths switched suppliers for several of its own label dairy products.
Troubled dairy co-operative Murray Goulburn will lose $108 million in revenue after supermarket giant Woolworths switched suppliers for several of its own label dairy products.
Beleaguered companies Murray Goulburn and Fonterra tried to run the gauntlet with global dairy, write agribusiness academics James Lockhart, Danny Donaghy and Hamish Gow. So how will they manage the fallout?
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Listed law firm Slater and Gordon is considering a potential investor class action against Australia’s biggest dairy producer, Murray Goulburn.
Units in dairy co-operative Murray Goulburn’s listed investment vehicle have plunged in early trading after Australia’s biggest dairy producer slashed its profit forecast and reduced payments to farmers.