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.
Apart from the ridiculous demand that Fonterra must prove 'it is not beating its wife', what really tickled this old mutt's interest was that the new NZ head of the eco-activist multi-national is none than one Dr Russel Norman. Yes, that would be the same Dr Russel Norman – who recently stood down as head of the NZ Green Party to take up the highly paid position at Greenpeace and was forever bagging Fonterra and the NZ dairy industry when he was an MP. It looks like dyed-in-the-wool (organic of course) Greenies never stop hating NZ's number one primary sector export earner. Yawn....
