Blunt message from New Zealand giant Fonterra

Fonterra has sent a blunt message to Australian suppliers: we are only in this for New Zealand.
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This comes as Murray Goulburn has been hit with the first of what is expected to be a wave of legal action.
Fonterra chief executive Theo Spierings yesterday sent the message as he explained to NZ suppliers why the company had cut Australian farm returns from $5.60/kg to $5/kg.
“What we are doing is drive (sic) every cent of money which we can out of Australia back to New Zealand shareholders in this extremely low milk price environment,” he said.
“That is what we are doing everyday. And Australian business this year will be at a plus.”
His comments cap three weeks of chaos and growing anger among Australian dairy farmers over the drastic price cuts by Murray Goulburn and Fonterra.

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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