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.
Fonterra has withdrawn batches of its Anchor blue top milk from lower North Island stores following customer complaints.
Fonterra has withdrawn a few batches of its Anchor blue top milk from lower North Island stores following customer complaints.
The withdrawal is limited to a few batches with ‘Best Before’ dates June 21-2; customers had complained about the taste.
“Over the last few days we’ve have had a number of customers in the lower North Island contact us about the taste of their Anchor blue top milk,” a Fonterra spokesman says.
“While there’s no issue with the safety of the milk, we’ve found there’s a quality issue limited to a few batches with Best Before dates 21-27 June.
“We’ve removed the dark blue top milk we know to be affected from our supply chain and we’re working hard to get replacement stock back on the shelves. We’re also carrying out a thorough investigation into what caused the issue.”
Customers who have blue top Anchor Milk that doesn’t taste as good as it should to contact Fonterra’s customer care team.
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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.
The chance of a $10-plus milk price for this season appears to be depleting.
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