Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Another sitting director Nicola Shadbolt has also been re-elected. Former Fonterra Shareholders Council chairman Blue Read is the new director, replacing Colin Armer who resigned after missing out on the chairmanship.
The results will be officially announced at Fonterra's annual meeting in Hamilton today.
Farmers have begun arriving for the meeting at Mystery Creek. Events Centre.
The meeting will farewell Henry van der Heyden who steps down as chairman after 10 years at the helm.
Stay tuned to Rural News website for meeting updates throughout the day.
