Critics of how Fonterra measures its gearing ratio claim it
could be as high as 60%, rather than the 44.9% for the year
end July 31 as published in the co-operative's annual
New Zealand cannot afford to lose control of its land, says
Fonterra chairman Sir Henry van der Heyden.
Rules requiring Fonterra to supply raw milk to competitors,
was costing the country up to $450 million a year, a study
commissioned by the co-operative has calculated.
A country cannot march on an empty stomach and
unfortunately there is no free lunch. Conor English explains
how the national cake can be made bigger.
Fonterra is making a second foray into a developing market,
announcing plans to establish a pilot dairy farm in India.
Debate over a new capital structure at Fonterra has
strengthened the co-operative at a time when competitors have
eroded its market share to less than 90% of New Zealand's
milk production, says the dairy giant's watchdog.
Fonterra, the largest processor of milk in the world, has set
a record for the most milk processed in a single day.
Fonterra is to develop a second dairy farm in China which
will house 3000 milking cows in addition to the more than
6000 it has on an existing property.
Fonterra's move to rail transport went without a hitch
Fonterra plans further international growth of its branded
products business and to look at more acquisitions after a
strong performance for the 2009-10 financial year.
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