Fonterra to benefit from Aussie rival’s pain: analyst
Murray Goulburn's milk price drop will mean lower costs for Fonterra's Australian operations.
Tim Hunter Thu, 28 Apr 2016
Fonterra’s [NZX: FSF] Australian business will benefit from rival Murray Goulburn’s misfortune after the Victoria-based co-op slashed its milk price and profit forecast yesterday, an analyst says.
In a research note, Forsyth Barr analyst James Bascand says Fonterra’s costs would fall by $80-110