News | Rural
27 Jun 2022 6:13
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops

    A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops


    Fonterra
    Fonterra
    The Castalia report commissioned by Fonterra export rival and the country's second-biggest dairy processor Open Country says it will also probably fuel land prices

    Open Country hired Castalia, a global strategic advisory firm, to examine the impact of the proposed restructure on Fonterra's share price and on competition between dairy processors for milk supply.

    In summary, the report said the proposal would likely collapse the price of Fonterra shares and shift significant wealth from current farmers to Fonterra itself.

    Fonterra said it had not seen the report and was not prepared to comment in detail without reading it.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
     Top Stories

    RUGBY RUGBY
    The undefeated Black Ferns Ma won the women's Oceania rugby sevens title with a 26-5 win over Australia in Pukekohe More...


    BUSINESS BUSINESS
    Conrad Charlton was the first voice on ABC radio 90 years ago and his sons Michael and Tony were TV broadcasting pioneers More...



     Today's News

    Cricket:
    England dominated day four of the third cricket test against New Zealand at Headingley and are poised to complete a three nil series whitewash 5:59

    Health & Safety:
    Concern about a dangerous chemical that's been found in illicit drugs here 5:19

    International:
    Before Roe v Wade fell, Gerri Santoro's death galvanised America's abortion movement. This is her story 4:29

    Accident and Emergency:
    A serious crash is causing major traffic delays on State Highway 29A near Mount Maunganui 21:49

    International:
    Josh Green's incredible rise from Sydney's suburbs to the Dallas Mavericks shows no signs of slowing down 19:29

    Law and Order:
    Christchurch Police are promising a wide investigation after the shock murder of a woman walking home from work 18:59

    Rugby:
    The undefeated Black Ferns Ma won the women's Oceania rugby sevens title with a 26-5 win over Australia in Pukekohe 18:49

    Rugby League:
    Perth-based rugby league fans are set to get a rare taste of State of Origin tonight in game two 18:39

    Accident and Emergency:
    Police say the search for a swimmer missing at the South Island's Maruia falls will continue next week 18:09

    International:
    Disaster relief fund helps veterans access mental health support 17:59


     News Search






    Power Search


    © 2022 New Zealand City Ltd