Bakers prefer butter, helping prices soar
Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.
"Simon is a man of honour and it speaks volumes that he stuck to his guns under what is an intense pressure cooker environment," says Leferink.
"That's something I know only too well. The lobbying is frankly unbelievable from all sides.
"Simon is a hard working and intelligent man who believes strongly in Fonterra as a 100% farmer controlled cooperative."
