MG’s dairy pain spreads wide

By Andrew Marshall
Updated May 6 2016 - 7:19am, first published May 4 2016 - 3:00pm
Murray Goulburn was largely responsible for stretching unsustainable payments to farmers, but other processors also expected an earlier global price recovery.
Murray Goulburn was largely responsible for stretching unsustainable payments to farmers, but other processors also expected an earlier global price recovery.

The sobering reality of  an 18 month global dairy price slump and recent strength in the Australian exchange rate is set to be felt for the next three years or more in the milk industry.

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