Murray Goulburn's milk collection sinks 21% in first half, outpacing Fonterra

Thu, 23 Feb 2017

By Paul McBeth Feb. 24 (BusinessDesk) - Murray Goulburn Cooperatives' domestic collection slumped by more than a fifth through the latter half of last year, outpacing the decline Kiwi rival Fonterra Cooperative Group faced, as record rainfall and a tougher fight for suppliers sapped its intake. Melbourne-based Murray Goulburn, Australia's dominant milk processor, collected 1.61 billion litres of milk in the six months ended Dec. 31 from 2.03 billion litres a year earlier, as Victorian production sank 9.9 percent due to record rainfall in...

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