Fonterra has unexpectedly left its forecast milk price
unchanged at $8.30 and slashed its dividend by 22c, due to
what it describes as an ''extraordinary situation''.
Think Park Beede and basketball immediately springs to mind.
Fonterra has to lift its game in food safety and quality, and
also sustainability, chief executive Theo Spierings says.
Fonterra's innocuously worded ''Global Dairy Update'',
released on Monday, provided another shock to Fonterra
Shareholder Fund (FSF) unit holders, Milford Funds senior
analyst Brooke Bone says.
Fonterra chief executive Theo Spierings says the roll-out of
the dairy co-op's infant formula brand in China is "on track"
despite the ongoing fallout from the company's botulism
Voting is now open for the 2013 Fonterra board of directors'
elections. This year there are five candidates standing for
the board of directors.
Fonterra's southern shareholders will have an opportunity to
meet and question director candidates during a series of
With the first anniversary of Trading Among Farmers (TAF)
approaching, Craigs Investment Partners broker Greg Easton
believes investors are well served taking a cautious approach
Fonterra has gone some way in reassuring the New Zealand
public and its many overseas clients it has taken seriously a
report released this week on its internal safety and
Fonterra says the potential contamination of 14 milk tankers
with mud and gravel is a "very minor incident" and its safety
systems worked as intended.
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