Fonterra faces $64m milk bill in Australia
Another milk price lurch by Murray Goulburn has serious implications for the NZ co-op.
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Fonterra is facing a potential $A60 million ($64 million) dollar milk bill in Australia after a sudden u-turn by Australian dairy co-op Murray Goulburn, whose milk prices benchmark Fonterra’s.
On Tuesday Murray Goulburn, Australia’s biggest dairy business, announced financial restructuring that
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Tim Hunter
Thu, 04 May 2017
Thu, 04 May 2017
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Fonterra faces $64m milk bill in Australia
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