The days of cafes getting milk in plastic bottles may be numbered if two young Dunedin entrepreneurs have their way.
Fonterra chairman John Monaghan says the co-op remains strong at its core despite the disastrous interim financial results announced this morning.
Fonterra says the Government has missed an opportunity to create a level playing field for competition in the dairy industry.
Fonterra has announced an opening forecast milk price range of $6.25 to $7.25/kgMS for the new season.
Fonterra is signalling a tougher stance on farmers who persistently fail to meet minimum standards of sustainability.
Persistently strong global milk supply forced Fonterra to cut its milk price forecast last week by about 20-25 cents.
Fonterra has identified three assets during the first phase of a board-led portfolio review, says chairman John Monaghan.
Fonterra chairman John Monaghan says a lot of work goes into delivering a globally competitive milk price to farmers.