Solid half-year result for Fonterra
Fonterra has reported a solid half-year result – an 8% lift in profit after tax to $729 million.
Fonterra farmers are waiting with bated breath on the co-op's plans to tackle scope three emissions in New Zealand.
With milk prices falling and farmers under financial pressure, Fonterra farmers are in no mood for extra costs or new requirements.
That's the dilemma facing the Fonterra board and management, and that may explain the delay in the co-operative coming out publicly with its scope three targets for farmer shareholders.
