IN a stark reflection of the tough trading conditions for beef processors last year, the Northern Cooperative Meat Co in northern NSW has announced an $11 million after-tax loss for its 2022-23 financial year, ended June 30.
The result – the worst in at least ten years – followed a $7.9 million loss the year before.
The producer-owned cooperative held its annual general meeting in Casino earlier today.
By nature of its business structure and ownership, NCMC provides a valuable window into the financial state of health of Australian red meat processing.
Reflecting the return to larger…
