Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
The activist group hired a truck and adorned it with anti-Fonterra messages, however the police were onto them. The truck was stopped and searched by police 100 metres from the meeting venue. A couple of activists, one carrying a video recorder, mingled near the meeting venue before they were sent packing by Fonterra staff. Security staff hired by Fonterra were given strict instructions not to let anyone not registered for the meeting, including hotel guests, near the meeting hall.
The meeting, attended by 120 farmer shareholders, went ahead without any hitch.
