Business
Live exporter North Australian Cattle Company goes into voluntary administration – ABC News
North Australian Cattle Company, which was founded in 1980, is in financial strife in a sign of how much pressure the industry is under.
One of Australia’s biggest and oldest live export companies has gone into voluntary administration in a sign of how much pressure the industry is under.
Key points:
- NACC goes into voluntary administration, owing around $3.6 million
- Record high domestic and live export cattle prices are putting pressure on exporters
- Export companies report losing between $200 and $300 per head
North Australian Cattle Company (NACC) was founded in 1980 and was run by Elders for nearly three decades until its sale to…
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