New Zealand and Australia have done “wonderful work” in their produce industries.
But after it leaves the farm or orchard it can get into the “messy middle”, says Gary Loh, a Singapore blockchain entrepreneur.
Fonterra says its payouts to Australian farmers are being funded by its operations, not propped up from other places in the balance sheet.
Australian farmers are urging the Federal Government to enforce the fitting of operator protection devices (OPDs) to all new quads within two years.
Competition for raw milk in Australia has reached an all-time high this year, leading to big processors such as Fonterra losing farmer suppliers, says dairy analyst Steve Spencer, Freshagenda.
OPINION: Australia hasn't been a happy hunting ground for Fonterra in recent years thanks to increasing competition among processors and supermarkets pushing their weight around.