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24 Nov 2020 5:14
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  •   Home > News > Rural

    More bad news for Fonterra is being seen as evidence its structure isn't working

    More bad news for Fonterra is being seen as evidence its structure isn't working


    Fonterra
    Fonterra
    It's facing a loss of up to 675-million-dollars this financial year, after huge write-downs of its assets.

    JMI Wealth director Andrew Kelleher says it highlights Fonterra's economic model again.

    He says as a cooperative, it doesn't have the flexibility of a listed company that can just issue equity, shore up the balance sheet and move on.

    Kelleher says Fonterra also has to give farmers the best price for raw materials, which cuts into its margins.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
     05 Oct: Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market
     28 Sep: The bill to compensate Mid Canterbury farmers found with Mycoplasma bovis in their herds might be around 17-million dollars
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
     19 Sep: The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits
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