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Alliance Group reports 2023 financial loss as red meat industry struggles

Author
Newstalk ZB,
Publish Date
Thu, 16 Nov 2023, 8:42pm
 (Stockxchng)
(Stockxchng)

Alliance Group reports 2023 financial loss as red meat industry struggles

Author
Newstalk ZB,
Publish Date
Thu, 16 Nov 2023, 8:42pm

Alliance Group this week announced a significant loss for the 2023 financial year.

The co-operative lost over $70 million, as geo-political tensions, inflationary pressures and weakening global markets continued to affect the red meat sector.

The Country's Jamie Mackay says the current volatile market has created extra pressure for the struggling sector.

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