Australia's Biggest Dairy Blames Lower Milk Intake For 22% Drop In Sales
Murray Goulburn's sales drop by a staggering 22 per cent - Media Credit:

Australia’s Biggest Dairy Blames Lower Milk Intake For 22% Drop In Sales

By

1 Minutes Read

A major Australian dairy brand has announced a 22 per cent drop in milk sales – blaming lower intake for the $370.8 million loss.

Australia’s largest dairy supplier – Murray Goulburn [MG] – is closing facilities and cutting out product lines in order to recoup the losses.

Intake

Bosses at MG revealed that milk intake has dropped 2.7 billion litres in the 2016-17 financial year – and is expected to drop even lower.

The drop comes despite shoppers boycotting no-named milk in support of branded milk, in a bid to support Australian farmers.

In addition to lowered milk intake, producers had to deal with adverse seasonal conditions, according to a report by ABC News.

‘Test’

MG’s CEO Ari Mervis said the last year has ‘tested the resolve and strength’ of suppliers, and said the ‘coming months would be pivotal for the future of the business’.

MG has discontinued its infant formula line, and will also be shutting down three processing facilities in an effort to recoup the loss in profits sustained last year.

READ MORE:

Top 9 Lies From The Dairy Industry

Scare Tactics and Misinformation About Dairy Are Backfiring

New Plant-Based Milks ‘Represent Far More Dangerous Competition To Dairy Milk’

Millions around the world trust Plant Based News for content about navigating our changing planet & our role in it.

Our independent team of journalists and experts are committed to making an impact through a wide range of content—and you can help by supporting our work today.

heading/author

The Author

heading/comments

Leave a Comment

Plant Based News Comment Policy

In short:- If you act with maturity and consideration for other users, you should have no problems. Please read our Comment policy before commenting.

Comments [0]  
buttons/scroll-to-top/scroll-to-top-small-active