Tuesday, 19 February 2019 11:18

More bad news?

Written by 

A mate of the Hound reckons that Fonterra’ directors may finally be coming to grips with just how bad its Chinese investments have been for its farmer shareholders.

Your canine crusader’s informant claims to have innocently sat recently near a couple of stressed co-op directors in the Air NZ Koru lounge. They were deep in discussion about the co-op’s investment ‘dog’ in China, and were poring over meeting papers on the subject.

This old mutt’s informant says his ears pricked up when the directors’ hushed voices rose sharply as they added up the cost of the disastrous investments. He says Fonterra shareholders should brace themselves for more bad news very soon.

Featured

Expo scales to new heights

Engaging, thought provoking speakers, relevant seminars and relatable topics alongside innovative produces and services are the order of the day at the 2026 East Coast Farming Expo.

New target 'political theatre'

OPINION: Farmers are being asked to celebrate a target that changes nothing for the climate, wastes taxpayer money, and ignores real science.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Red faced

OPINION: The Greens have taken the high moral ground on the Palestine issue and been leading political agitators in related…

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter