Price crisis rocks industry confidence

摘要

AUSTRALIA'S dairy industry was thrown into crisis in late April lkwhen the country's biggest processor, co-operative Murray Goul-burn (MG), slashed its farmgate milk price for 2015/16 to $4.7545 a kilogram milk solids.The step-down was from an opening price of $5.60/kg MS.MG spread the price cut across three years, reducing the price paid for 2015/16 to $5.49/kg MS, with the remainder to be recouped within the next three years from all current suppliers.