The founder of embattled milk broking company, National Dairy Products (NDP), Tony Esposito, has sprung to the defence of his business practices.
A national code of conduct is being developed between dairy farmers and processors for the industry.
Administrators of failed milk broker, National Dairy Products, have told unsecured creditors they could expect as little as five cents in the dollar, under a deed of company arrangement (DOCA).
Murray Goulburn’s (MG) new chief executive Ari Mervis said one of his key priorities will be to stabilise the company, after a difficult year.
Devondale Murray-Goulburn is not trying to re-invent the cheese wheel to win back consumer support and grow its business, instead it is banking on re-packaging.
Creditors, owed money by failed Victorian milk broker, National Dairy Products, have said they’ve been told the company made a combined loss of more than $6 million, in the two years it was operating.