Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
Speaking at the Northern Dairy Development Trust Conference in Whangarei today, Steel said things were looking much better now than in December.
Global Dairy Trade auction prices have risen three times this year.
Steel told about 120 farmers at the conference that whole milk powder prices were up 13% in the three auctions this year.
“It’s pretty much a recognition that NZ weather has been awful; clearly the markets recognised that weather had been dry from November to December,” Steel says.
