The consumer watchdog has launched legal action against Australia’s largest dairy processor Murray Goulburn (MG), alleging it engaged in unconscionable conduct and made false or misleading representations after it slashed the farm gate price last year.
The Australian Competition and Consumer Commission (ACCC) has launched action against MG, former managing director Gary Helou and former chief financial officer Bradley Hingle, who were “knowingly concerned in MG’s conduct”.
“The allegations relate to representations made by MG to its southern milk region dairy farmers between June 2015 and April 2016 about the average farmgate milk price it expected to pay them during financial year 2015/16,” ACCC chairman Rod Sims said.
“The ACCC alleges that MG’s conduct had an adverse impact on many farmers who, as a result of Murray Goulburn’s representations regarding the farmgate milk price, had made business decisions.”
To read more of this story, grab a copy of Wednesday’s Guardian (May 3).
