CHALLENGING trading conditions for Australian red meat processors were reflected in a $7.911 million after-tax loss for the annual year ended June 30 by the Northern Co‐operative Meat Co based at Casino in Northern NSW.
The result was handed down to shareholders at the cooperative’s annual general meeting last week. NCMC last year changed its name to Casino Food Co-op. The business is owned under a cooperative structure by around 500 producer shareholders, many of whom consign slaughter cattle to the plant.
The financial result, on top of a sizeable loss the previous year, contrasted…
