Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
Coull says he’s excited and energised about the year ahead.
“I look forward to leading the council as we consolidate the hard work that has been undertaken over the past 12 months.
“I’m very mindful of the responsibility this role carries and I will continue to put the interests of our shareholders at the forefront of all actions council undertakes throughout the year.”
The council has a new deputy chairman – Ivan Lines who was first elected to the council in 2013 to represent Fonterra farmers in Northern Southland. Lines will replace Greg Kirkwood who stepped down after two terms.
Lines thanked fellow councillors for putting their faith in him.
“I look forward to supporting our chairman in this important leadership role.”
Coull praised the contribution Kirkwood made during his tenure and backed Lines to step seamlessly into the position.
“Greg’s support has been invaluable to me especially during the recent Governance and Representation review and I thank him for his hard work, dedication and assistance.”
