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Fonterra undeterred by earnings hit as it pushes further into China
date:Mar 27, 2014
cannot afford to pay such a high price given that a bumper dairy season has resulted in all-time high volumes.

Fonterra is obliged to buy milk collected by its farmer shareholders at historically high milk prices. What cannot be made into milk powder has been used for cheese products, which Fonterra said lost money over the period.

To ramp up production capabilities at home, the company is investing an additional NZ$400 million-NZ$500 million to its capital expenditure plans over three years,

12/22 05:37