Dairy farmers fear retrospective price cuts

Global dairy markets around the world have been thrown into chaos, as milk companies respond to an international over supply, as well as a decline in demand. Big processors Murray Goulburn and Fonterra have announced price cuts that will have significant implications for Australian dairy farmers. Even more concerning for the industry is that these price cuts could  be applied retrospectively.

Story features:

· John Droppert, Industry Analyst at Dairy Australia

· John Versteden, Deputy President of the United Dairy Farmers of Australia

Image: ‘Cow’ by Anita Hart on Flickr

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