Murray River Organics looks at hemp market

Managing director and CEO of Murray River Organics Group, Valentina Tripp.

Managing director and CEO of Murray River Organics Group, Valentina Tripp.

HEMP could play a role in a Sunraysia organic producer’s plan to turn its fortunes around.

Murray River Organics posted a loss of nearly $60 million this year but, since then, it’s issued new discounted shares to raise $30.6 million in capital and hopes to achieve an $11 million turnaround within a year on the back of global growth in the dried fruit industry.

The company has allocated $5 million of its raised capital to buy fruit from its Sunraysia growers, who had the chance to meet senior Murray River Organics figures in Mildura this week, as the company spruiked its plans for the coming three years.

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