It needs more moolah to stabilise its balance sheets against drought and other shooks and to advance its global growth ambitions into the highly lucrative ingredients and brands markets (see Paediatric and health and wellness nutrition, proteinised beverages and nutraceuticals and specialised cheeses).
The proposed restructure would be done in stages and take up to four years to achieve, says Fonterra chairman Henry van der Heyden (above right):
Dairy giant Fonterra is expected to unveil its second proposal for capital structure reform within days as the threat to its world-beating exporter status gathers pace in rival dairying countries.
Parties close to the capital structure reform plan indicated New Zealand’s biggest company would reveal the long-awaited proposal within a fortnight. READ MORE.
Speaking of the New Zealand dairy giant, Scoop has a story about how the price of milk powder jumped more tha 24% on its Cooperative Group’s online auction. CLICK HERE to read more.
Filed under: Meat and Dairy Markets, New Zealand | Tagged: America, Commodify Me!, dairy farmers, dairy nations, Dairy payout, Fonterra, Fonterra Cooperative Group's online auction, Fonterra's second capital reform proposal, Henry van der Heyden, ingredients and brands markets, Ireland, Lee Stace, milk powder, Netherlands, New Zealand dairy giant, New Zealand Herald, Scoop | Leave a comment »