Execs quit as Aussie co-op slashes milk price
ASX-listed units plunge after profit warning.
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Hawke’s Bay
Australian dairy co-operative Murray Goulburn has slashed its milk price to farmers and lost its top two executives after a major misjudgment of expected sales in China.
Units in the ASX-listed MG unit trust, which pays dividends based on the co-op’s milk price, plunged 34% after a trading halt,
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Tim Hunter
Wed, 27 Apr 2016
Wed, 27 Apr 2016
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Execs quit as Aussie co-op slashes milk price
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