The dairy giant has reported a nine percent drop in profits for the nine months to the end of April, compared to same time last year.
Fonterra CEO Miles Hurrell says they're reviewing their joint venture with Nestle in Brazil.
JMI Wealth's Andrew Kelleher says the milk price is strong, but the wider business is in trouble.
He says Fonterra bosses are dealing with some poor decisions made by the previous management.
