Heartland: Fonterra co-op ethos sinks under profit
The focus on overseas expansion is not achieving the common goal of farmers' financial viability.
Fonterra’s annual profit has “soared by 65%.” Synlait has “tripled its full year profit on the back of booming sales of infant formula” and revenue “surged 22%.”
And on the back of “another rise in dairy prices,” Fonterra raised its forecast payout to farmers by 50c to $5.25. This is 25c above
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Heartland: Fonterra co-op ethos sinks under profit
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