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Fonterra takes $157m provision, unit price falls on NZX

Jamie Ball
Mon, 11 Nov 2013

Fonterra has taken $157 million of additional provisioning in the first quarter as higher input costs start to bite into future earnings and the final value of inventory currently on hand.

In its global dairy update for November, the co-operative has disclosed key metrics for NZ Milk

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Jamie Ball
Mon, 11 Nov 2013
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Fonterra takes $157m provision, unit price falls on NZX
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