date:May 10, 2016
erra blames dairy glut and Australian dollar
Fonterra said last week in its announcement that the revised price better reflects the reality of the supply and demand imbalance that is affecting global dairy commodity prices and has been compounded by the recent strength of the Australian dollar.
Fonterra Australia is also offering its suppliers an interest-bearing support loan of up to 60c per kgMS that is linked to a supply commitment and is repayable from the 2018 financial year, Fonterra sai