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11 Jul 2025 20:17
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  •   Home > News > Rural

    The Financial Markets Authority wants to see Fonterra's books

    The Financial Markets Authority wants to see Fonterra's books


    Fonterra
    Fonterra
    The FMA has confirmed to the Herald it's seeking information over concerns about the cooperative's shock asset write downs announcement and 2019 year financial statements.

    Last month, Fonterra announced that write downs would plunge the dairy giant into a loss of up to 675 million dollars.

    Fonterra's largest farmer-shareholder Colin Armer has made a formal complaint to the regulator about Fonterra's accounts.

    He says there have been inconsistent valuation methods for the carrying values of Chinese investment Beingmate and China Farms.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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