Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
The co-operative this month informed its organic milk suppliers that their new payout range is $8.70 to $9.30/kgMS.
With just under three months of season yet to run, those organic farmers could be the biggest winners again, given the bullish run of Global Dairy Trade prices.
Last year they became the only group of Fonterra farmers to ever pass the $10 milk price threshold. The 2019-20 organic milk price topped $10.19/kgMS.
