Dairygold assures shareholders assets needed to be sold

DAIRYGOLD has assured its shareholders that the assets and businesses it has sold in recent months were loss-making and peripheral to the co-operative’s core business of dairying.

Dairygold said, in a newsletter to members, that the priority is to process its milk pool in the most efficient manner, while ensuring it drives its business further up the value chain and maintains its service to farmers.

“Given the huge challenge that Dairygold faces in today’s competitive dairy industry, it is essential that we tackle unprofitable and under-performing parts of the business, now,” said the letter.