Friday, 01 December 2017 15:40

Angry and frustrated- Wilson

Written by 

Fonterra chairman John Wilson says as a farmer he is angry and disappointed with today's arbitration decision over the false botulism scare in 2013.

Speaking at a media conference with chief executive Theo Spierings, Wilson said the decision did not fully recognise the terms of supply agreement between Fonterra and Danone.

However, Wilson says he accepts the decision to award Danone $183 million in damages.

“We will now turn our attention to delivering the best possible returns for our farmers despite this outcome,” he says.

He added that Fonterra’s management is also committed to this.

Wilson and the management team briefed the Shareholders Council on the arbitration decision before the media conference.

He says there is also frustration among shareholders.

Danone sought damages for recalling products; the precautionary recall was a result of a false test from a third party.

More like this

Carbon zero milk

Fonterra has joined forces with a supermarket chain to deliver what it claims is NZ’s first carbon zero milk.

Featured

Lindsay Farm raw milk recall

Raw milk from Central Hawke’s Bay producers Lindsay Farm is being recalled after Campylobacterbacteria was found in some product.

 

Carcase collection impasse

Collection of dead calves from farms around the country has stopped with farmers and the recycling company blaming each other for the impasse.

Taking NAIT seriously

North Otago calf rearer Jared Ovens believes the Mycoplasma bovis outbreak has led to more farmers embracing animal traceability.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Too soft

This old mutt wonders why multi-national, tax-dodging, fundraising organisation Greenpeace always gets a free pass from the police.

No tax

Your old mate understands that there is quite a bit of nervousness around sheep farming circles that another levy will…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter