Is food vegan simply because it doesn’t come from a cow? This question has puzzled one in five Britons.
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.