If you think only dairy farmers are facing fire from the new coalition Government, think again.

Fonterra shareholders could end up losing over $1 billion on the co-op’s controversial investment in Chinese infant formula company Beingmate, says business commentator Rod Oram.

Beingmate is very close to appointing a chief executive officer, says Fonterra’s chief executive Theo Spierings.

Fonterra is “very comfortable” with its $7/kgMS farmgate milk price forecast for the 2018-19 season, says chairman John Wilson.

Fonterra chief executive Theo Spierings says volumes for the year were down by 5%, driven by lower inventory. 

Fonterra farmers will get an extra 20c/kgMS for milk supplied to the co-op this season.

Fonterra is disputing claims made in the April 10 issue of Dairy News that its plans to turn around the co-op’s disastrous investment in Chinese baby food company Beingmate will be hampered by the return of the company’s founder.

Fonterra's plan to turn around its disastrous investment in Chinese baby food company Beingmate won’t be smooth sailing.

Outgoing Fonterra chief executive Theo Spierings has hinted his next job may not be high profile.

The supply and demand of global dairy products is well balanced, claims Fonterra.