Not exact matches
«Butter over the
last three years has been a big mover, probably one of the most volatile commodities on earth,» said Robert Chesler, who follows the
dairy sector at FCStone, a commodity risk management company.
Archer toyed with a sale process
last year but put that on ice when sentiment soured around the
dairy sector after the troubles at Victoria's Murray Goulburn and the public backlash against private label milk at the big supermarket chains Coles and Woolworths.
Tesco may have waded in to rescue UK
dairy farmers
last week, but confidence in the
sector is at its lowest point since 2004 and more producers intend to quit in the near future, a new survey says.
Almost 1,000
dairy producers have quit the
sector over the
last year, according to recent industry figures.