Fortunately for BGA suppliers and shareholders they a step ahead of MGC producing value added products. I totally agree with Barry Irvings thoughts on MGC and Fonterras handling of their businesses. To bounce out of this they will need milk sourced at a price that is sustainable, by bringing their supply chain to its knees clawing back money already paid and more than likely spent, and I bet a large proponent of it on farm, MGC are shooting themselves in the foot. They have to trade out of their troubles and will need plenty of good clean milk.
MGC Price at posting:
$1.04 Sentiment: Hold Disclosure: Not Held