http://www.theaustralian.com.au/new...e/news-story/87814e6069b3c2d95b0ab093a5e6d449
Hi guys,
Just read this new article published by the Australian.
It mentioned that "Murray Goulburn will now borrow between $95 million and $165 million to fund a special support package that will top up suppliers’ farm gate price of between $4.75 and $5.00, with the subsidy to be recovered over three years."
I'm not sure if this is something old that i've missed or new information none of us was aware of, anyway, I think this is good news, even though i'm not sure where MG is gonna borrow the money from, but the idea is good at least, and a FMP of $5.00 will now match Bega's FMP which is also a pretty good thing.
I only read from another thread that the FMP will be released tomorrow, let's wait and see how the market would react to it, personally speaking i think this is very positive and the price should go up for sureglta
http://www.theaustralian.com.au/news/latest-news/mgs-helou-to-ste...
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