Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
Last year two farmer nominated candidates won seats ahead of candidates (including one sitting director) endorsed by the Fonterra board and shareholders council. The board anointed candidates also had the blessing of the independent selection panel.
But farmers disregarded that and voted for two self nominated candidates. Two sitting directors are standing again this year.
