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.
Speaking at Fonterra’s annual meeting last week, Wilson said he had the pleasure of joining Key on trade missions over the years.
“He has been a great supporter and advocate of dairy within New Zealand and globally.
“He had deep understanding of our co-op, and an inquisitive mind.”
Wilson says it’s important Fonterra works closely with the new prime minister.
“We have to ensure our trade strategy adapts to a changing global environment that has seen significant political change.”
