Kraft out of scheme
(A Z. Press Assn—Cupyrtyhtt 1 SYDNEY, October 2. • Kraft Foods, the second largest cheese manufacturer in Australia, has withdrawn from the dairy industry’s equalisation scheme. Tbe chairman of the Australian Dairy Industry Council (Mr H. Stone) said today that everybody would be “.cutting one another’s throat” if other companies followed Kraft and the scheme collapsed. Under the scheme, export and domestic prices are pooled. The managing director of Kraft (Mr G. M. Gibson) said that in recent years large fluctuations had occurred in returns to farms from cheese, butter, skim-milk powder, casein, and processed milk products. The company considered it extremely difficult to develop sound, long-range marketing plans when the price and availability of the basic raw material were so much in doubt.
Petrol price.—The Government had received no application from the oil companies for a price increase after devaluation, said the Minister of Trade and Industry (Mr Freer) in Parliament vesterdav.—(P.A.)
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Bibliographic details
Press, Volume CXIV, Issue 33655, 3 October 1974, Page 2
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156Kraft out of scheme Press, Volume CXIV, Issue 33655, 3 October 1974, Page 2
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