The news made only a brief appearance on New Zealand’s business pages as Synlait Farms’ proposal to sell a majority stake to China’s Shanghai Pengxin took centre-stage. For once it seems Fonterra has something to thank its foreign-owned rivals for.
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FRENCH INTERNATIONAL dairy giant Danone’s third quarter update said it expects Fonterra’s botulism scare to cost it over $1bn in lost sales and extra costs.
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