Battle for milk
OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not keen on giving any ground to its competitors in the country.
If you think only Fonterra is in financial dire straits... the US milk industry is reeling from the decline in dairy sales.
Within the past two months two of its largest processors have gone bust.
While milk remains a household item in the US, people are simply drinking less of it, Dean Foods Co said in its November bankruptcy filing. “The decline in dairy sales has occurred in conjunction with the rise of oat, nut, soy and other alternative ‘milk’ products at retailers and food service locations across the country.”
Circumstances were so similar that Borden Dairy Co. used the same language almost verbatim in court papers recently to describe its predicament.
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OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not…
OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.