Fonterra Lifts Farmgate Milk Price
Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
Chamber chief executive Don Good said the reason why the dairy co-op has its HQ in the Viaduct, downtown Auckland, beats most people, including their farmer shareholders.
“As a cornerstone of Peter McBride (Fonterra chairman) and Miles Hurrell’s (CEO) campaign to reconnect Fonterra with its stakeholders, Fonterra needs to come back home to the Waikato,” Good argued.
However, Fonterra is unmoved by his argument and says it’s not shifting its Auckland HQ or the 1221 staff who work there.
Ironically, during the 3 month lockdown in Auckland, the co-op’s flash waterfront HQ has been a ghost town, as most people worked from home.
