News | Rural
17 Oct 2019 18:57
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  •   Home > News > Rural

    It's thought Fonterra may be preparing for an escalation of global trade wars

    It's thought Fonterra may be preparing for an escalation of global trade wars


    Fonterra
    Fonterra
    The dairy cooperative is forecasting a loss of up to 675-million-dollars this financial year, after massive write-downs of its assets.

    JMI Wealth director Andrew Kelleher says says they're trying to turn things around.

    He says getting through that is going to be quite challenging if the trading environment deteriorates, which may be what Fonterra's looking at.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     16 Oct: Despite public perception - a dairy farmer says most farmers... are doing they best job they can
     16 Oct: Global dairy prices have edged up point-five-percent at Fonterra's latest overnight auction
     09 Oct: The Agriculture Minister says improving the performance of Fonterra is in everyone's interests
     08 Oct: Mercury's CEO is off to Fonterra
     08 Oct: A threat to meat and dairy farmers - and the national economy.
     02 Oct: Global dairy prices have risen slightly at Fonterra's latest overnight auction
     27 Sep: Shane Jones says Fonterra's executive needs to be pruned, as the dairy giant grapples with a 605-million-dollar loss
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