Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
After its infamous 2015-16 'clawback', when it slashed farm-gate prices, the processor seems to be rebuilding bridges with Aussie suppliers.
In July this year, Fonterra announced it had collected 5.4 million kgMS in Australia, a 6.6% jump on the same time last year.
Tasmanian dairy farmer and Fonterra Australia Suppliers' Council Board chair Alan Davenport said the company had rebuilt trust since 2016.
However, Davenport said, while farmers had generally moved on, most hadn't forgotten about 2016.
Hopefully, the co-op's Aussie team haven't either.
