News: MGC MG Unit Trust updates on Murray Goulburn farmgate milk pricing for financial year 2017

June 27 (Reuters) - MG Unit Trust (MGC) :

• Forecasting FY 2017 FMP of $4.80 per kgms with net opening FMP of $4.31 per kgms after application of the MSSP repayment
• MG expects to achieve lower average selling prices for commodities throughout

  FY 2017 when compared with FY 2016

• Says forecast FY 2017 NPAT of $42 million
• Lower average selling prices for commodities throughout FY 2017 will impact

  distributable milk pool by approximately $95 million

• FY 2017 will be a challenging year for suppliers
• Says further advises senior management pay will be frozen in FY 2017