Fonterra chief executive Miles Hurrell has told co-op employees that more work is needed to turn the business around.
Fonterra says its payouts to Australian farmers are being funded by its operations, not propped up from other places in the balance sheet.
The time has come to reduce aspects of Fonterra’s regulatory burden, National’s Agriculture spokesperson Todd Muller says.
A sudden drop in log prices which impacted the New Zealand commodity price index in July seems to have stabilised, says ANZ agriculture economist Susan Kilsby.
Farmers already under the pump in trying to meet the requirements of the Government’s impending Zero Carbon Bill legislation will soon be hit soon by even more compliance costs.