Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS
A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.
Your old mate hears that the self-nominated Guiney was the top-polling candidate at this year’s director elections.
This must have been a double whammy to Fonterra’s network of old-boys who not only engineered Guiney’s departure from the board last year via their Stalinist ‘board candidate nominee process’ but also watched as two of their ‘nominees’ failed to get elected last month.
One can only guess there will be some very uncomfortable people with red faces when they welcome the South Canterbury farmer back to Gumboot Castle in Auckland. Awkward, as they say.
