Fonterra sets aside millions for botulism scare

Fonterra [NZX: FCG] has put aside $14 million for the recent botulism scare, the dairy giant confirmed today.

At a media briefing for its annual results, chief executive Theo Spierings says other than that $14 million, no other provisions have been made.

Notes to Fonterra’s financial statements say the figure is “costs associated with the replacement of recalled product.”

 

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