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.
More money for Fonterra means more moolah trickling into rural towns and communities.
Sadly, not everyone is elated with the co-op.
‘Serial Fonterra hater’, Greenpeace issued a release last week calling out Fonterra for ‘profiting from rainforest destruction’. But only two million tonnes of palm kernel expeller are imported, and they make a small portion of the feed going into cows.
Greenpeace would love to see fewer cows in NZ. Fortunately, that view isn’t widely shared by New Zealanders.
