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.
At least 50 million packs of milk have gone to schools since 2013, costing the co-op millions annually.
Now, with farmers struggling to stay afloat after three straight years of low payouts, some may ask whether it’s time for the Government to step in and take over the scheme. After all, feeding children a proper breakfast is everyone’s responsibility, not just farmers who milk cows.
