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Chile and Australian operations under review as Fonterra prioritizes NZ milk in long-term plan
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Fonterra s big capital structure reform plan: What does it really mean?
6 May, 2021 06:02 AM
6 minutes to read
Prospect of share price fall in a farmer-only market will challenge reform plan. Photo / File Proposed reform of Fonterra s capital structure is a big deal its farmer-owners will be chewing over for weeks, but what does it mean for prices at the dairy chiller and the company s long-ago promise to be New Zealand s national export champion?
New chairman Peter McBride, who s driving the proposal for major structural change at New Zealand s biggest business, offers no comfort on the supermarket effect. That s influenced by global commodity prices - strong right now - and largely out of Fonterra s control, he said.