Fonterra’s share price has dropped following a bleak market update on its 2018-19 financial results.
Fonterra chairman John Monaghan says the co-op remains strong at its core despite the disastrous interim financial results announced this morning.
While New Zealand dairy may be a big chunk of this country’s inventory of greenhouse gas emissions (about 25%) it is relatively small as a component of total global emissions, says Fonterra chief scientist Jeremy Hill.
Nominations for the Fonterra board elections open today: two farmer-director positions are up for grabs.
Fonterra subsidiary, Farm Source is teaming up with a new online marketplace called TheMarket, operated by The Warehouse Group.
Competition for raw milk in Australia has reached an all-time high this year, leading to big processors such as Fonterra losing farmer suppliers, says dairy analyst Steve Spencer, Freshagenda.
Fonterra is facing a backlash from Australian farmer suppliers worried that the co-op could pull out of the extremely challenging market.