ACCC takes legal action against Murray Goulburn, drops action against Fonterra

Fri, 28 Apr 2017

By Rebecca Howard April 28 (BusinessDesk) - The Australian Competition and Consumer Commission has filed Federal Court proceedings against Australia's largest milk processor, Murray Goulburn Cooperative, for breaching the Australian consumer law but decided not to take any further action against Fonterra Australia. An investigation was launched when Murray Goulburn abruptly slashed its forecast payout for its farmer shareholders in April last year, a move that was followed by Fonterra's Australian unit in early May. One of the reasons it...

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