Beston Global Food Company’s debt has blown out to almost $70m, with the dairy company, which has never turned a profit, owing NAB alone more than $55m.
The South Australian dairy and meat producer – which is currently in talks to sell its loss-making meat division – said in its quarterly released late Tuesday that it had experienced the highest milk flows on record this financial year.
This poses a problem for the company, which has to pay its contracted farmers…
