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, as one of the biggest corporates in the country, has been doing its bit for the community - like contributing to Kickstart Breakfast alongside the Government.
Given the financial strife facing Fonterra shareholders, should the co-op pull out of such initiatives until dairy prices improve?
This will keep a bit more money in farmers' pockets. And, isn't funding social welfare initiatives the job of the government?
