date:May 10, 2016
Minister, Barnaby Joyce over the cuts and urging another review of Australias dairy industry.
In March 2016, Fonterra described its results for the six months ended 31 January 2016 as not satisfactory. Murray Goulburn lowered its expected payout to as low as AUD $4.75 per kgMS citing the AUD dollar and poor performance of ready-to-consume dairy products internationally.
Murray Goulburns price reduction was announced at the same time the companys Managing Director Gary Helou stepped down.
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