This compared with its prospectus forecast of $ 89 million, and previous warnings to investors that its net profit would be between $ 66 million and $ 86 million
if global dairy prices didn't recover as expected.
This compares with its prospectus forecast of $ 89 million, and previous warnings to investors that its net profit would be between $ 66 million and $ 86 million
if global dairy prices didn't recover as expected.
Not exact matches
If Murray Goulburn cuts the farm gate
price, other milk processors are expected to follow, given the co-operative's position as a
price setter in the market and recent comments from its competitors that this season's
price did not reflect
global dairy conditions.
But he warned that could slide to $ 5.60 - $ 5.90 a kilogram
if global prices for key
dairy commodities did not improve as expected.
The impact of the slide in
dairy prices at the latest
global dairy auction could have been worse
if the value of the New Zealand dollar was higher, Federated Farmers says.