Eroding share of milk worries Fonterra shareholders
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
In its latest stakeholder update on the disease, MPI says almost 1500 claims were paid and completed: 126 claims are being processed with 23 working days on average to pay a new claim.
To date there have been 218 confirmed cases of M. bovis: 166 in the South Island and 52 in the North Island. Of these, 193 properties have been cleared while 25 remain active.
As at December 2019, over 130,000 animals have been culled. Over 1.1 million tests have been completed on farms.
M. bovis was first identified in New Zealand in July 2017. In May 2018, MPI announced the Government, dairy and beef industries had agreed to eradicate M. bovis from New Zealand.
