Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
He suggests the council's directive to farmers not to vote for the Gent/Armer resolution at the recent annual meeting has removed any doubt about its poodle status. Your canine crusader notes that the council has been accused of being a lapdog since Fonterra's formation and it's pretty hard to argue against the claim when something like three of its former chairmen have gone on to become Fonterra directors – including the current chairman 'Little' Johnny Wilson.
