The usual culprits are angry at hearing last week that the Government and the agri sector will work together to…
Fonterra says it is committed to being transparent with farmer shareholders on its Beingmate investment.
Fonterra farmers are closely watching the co-op’s shaky investment in Chinese food company Beingmate, says Fonterra shareholders council chairman Duncan Coull.
Fonterra chairman John Wilson says the board has no regrets over its $700 million investment in troubled Chinese child nutrition trader Beingmate.
Fonterra's return on capital sits at the bottom end of the range of returns of other global dairy co-ops, says the Shareholders Council.
Fonterra has welcomed the formal approval by the shareholders of Beingmate Baby and Child Food Company Ltd to establish a joint venture to purchase the cooperative's Darnum plant in Australia.
Fonterra's Chinese partner Beingmate last month agreed to set up a joint venture to buy the co-op's Darnum, Victoria, plant.