[5 October/The Country]

According to its Chairman, Murray Taggard, Alliance Group management received a message from suppliers to keep investing in its long term strategy. He added feedback from shareholders and suppliers was pleasantly positive. The company would release its annual financial result in November. He noted no chairman was proud of not being able to have a profit rebate. The company had a strong balance sheet. Farmers were supportive of the company’s new corporate identity. The new strategy involved getting fit, and the cost structure in order to build capacity in the business. Mr Taggart said resistance in the market to the current high pricing of lamb was obvious. The last 12 months highlighted how difficult it was to forecast around such global dynamics.