Eroding share of milk worries Fonterra shareholders
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
Thai Prime Minister Yingluck Shinawatra yesterday met with John Wilson for a tour of a South Auckland dairy farm and also visited its Te Rapa manufacturing site.
The visit was an opportunity for Wilson to further strengthen the company's relationship with Thailand, where it is the number one supplier of dairy ingredients.
Wilson says Fonterra was honoured to host Shinawatra and provide her, and the Thai trade delegation with a deeper understanding of their business, and the New Zealand dairy industry.
"Thailand's overall dairy consumption is still relatively low at 20kg per person per year, compared to the world average of 110kg. However, with its increasingly affluent population we expect the demand for dairy products to grow, which makes it an important country for our growth in Asia."
The Thai trade delegation included Deputy Prime Minister and Minister of Foreign Affairs, Surapong Tovichakchaikul and 20 Thai agri companies.
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
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Free workshops focused on managing risk in sharefarming got underway last week.
Annual farmer gathering, the South Island Dairy Event (SIDE), is set to make history as it heads to Timaru for the first time.
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