Parmalat Suffers as Australian Grocers Reduce Milk to $1

Parmalat Suffers as Australian Grocers Reduce Milk to $1

Ian Waldie/Bloomberg

A shopper selects a bottle of store-brand milk at a Coles supermarket in Sydney. Coles said April 10 it would instead buy 200 million liters a year from farmers’ cooperatives Murray Goulburn Cooperative Co. and Norco Cooperative Ltd.