Murray Goulburn's milk collection tumbles, has been approached by third parties

Tue, 22 Aug 2017

By Rebecca Howard Aug. 22 (BusinessDesk) - Murray Goulburn Cooperative may lose the title of Australia's dominant milk processor as its milk collection continues to tumble and confirmed it has received approaches from third parties as it undertakes its strategic review. The Melbourne-based cooperative said milk collection was down 22 percent to 2.7 billion litres in the year to June 30 and it is forecasting it to drop to 2 billion in the current financial year, on par with New Zealand rival Fonterra Cooperative Group's forecast for 2 bi...

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