date:May 26, 2016
r reasons, some analysts attributed the price to poor management decision-making.
Fonterra
Fonterra also attributed its drop to low milk prices due to the oversupply coming out of Europe after the European Union ended its quota system in 2015.
The drop in prices lead to farmer anger with many now being forced to sell their milk for less than cost of production.
In February 2016, Murray Goulburn announced a net profit of only AUD $10 million for the six months ended 31 December 2015.
This wa