US remains important market - Fonterra
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
Fonterra Shareholders' Council chairman, Duncan Coull, says record breaking efforts of shareholders saw 65% of farms, representing 73% of milksolids, cast their votes.
"This is an outstanding result for our co-op," says Coull.
"Fonterra farmers value the principle of 100% ownership and control and it is great to see shareholders, as the owners of Fonterra, come out in numbers to decide the direction in which their co-op will travel.
"My view is that the health of our co-op is dependent on our shareholders and their willingness to participate in the decision making processes and based on the participation rates in this Election I would suggest that our co-op is in very good shape."
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
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