DAIRY FARMERS – VICTORIA

Murray Goulburn steams ahead to tie up sale deal

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Original article by Sue Neales
The Australian – Page: 21 : 7-Mar-18

An extraordinary general meeting of Murray Goulburn’s suppliers will be held on 5 April, where they will vote on a deal to sell the dairy co-operative’s assets to Canada-based Saputo. However, the meeting is conditional on the Australian Competition & Consumer Commission approving the deal by 4 April. Saputo hopes to gain approval from the ACCC in return for agreeing to divest Murray Goulburn’s milk processing plant in Koroit. The sale to Saputo must supported by at least 50 per cent of Murray Goulburn’s suppliers.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, SAPUTO INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Coles prepares to milk consumer taste for branded dairy products

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 : 9-Aug-16

Coles will launch a new milk brand in the third week of August 2016. The new product will be priced higher than the supermarket chain’s private label milk, which costs $A1.00 per litre. Coles intends to divert $A0.20 a litre from sales of the new product to a hardship and innovation fund. Victorian dairy farmers, who are supposed to be the beneficiaries of the Farmers Fund, see the initiative as a marketing stunt. They say they would prefer being paid more for milk.

CORPORATES
COLES SUPERMARKETS AUSTRALIA PTY LTD, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, WOOLWORTHS LIMITED – ASX WOW, FARMERS FUND, FARMERS OWN, NURTURE FUND, AUSTRALIAN DAIRY FARMERS’ LIMITED, DAIRY AUSTRALIA, VICTORIAN FARMERS FEDERATION