News | Rural
4 Jul 2022 5:13
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops

    A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops


    Fonterra
    Fonterra
    The Castalia report commissioned by Fonterra export rival and the country's second-biggest dairy processor Open Country says it will also probably fuel land prices

    Open Country hired Castalia, a global strategic advisory firm, to examine the impact of the proposed restructure on Fonterra's share price and on competition between dairy processors for milk supply.

    In summary, the report said the proposal would likely collapse the price of Fonterra shares and shift significant wealth from current farmers to Fonterra itself.

    Fonterra said it had not seen the report and was not prepared to comment in detail without reading it.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
     Top Stories

    RUGBY RUGBY
    Novak Djokovic meets an unfamiliar face in his fourth round match on day seven at Wimbledon More...


    BUSINESS BUSINESS
    Fourth of July weekend is causing havoc at US airports with the highest passenger numbers since before 2020 More...



     Today's News

    Environment:
    India are 86 for three, a lead of 218 runs on the third day of their cricket test against England at Edgbaston 4:59

    Motoring:
    Searching for the King 22:49

    Motoring:
    At least 20 people have been killed in southwestern Pakistan when a passenger bus plunged into a ravine 21:49

    Business:
    Fourth of July weekend is causing havoc at US airports with the highest passenger numbers since before 2020 21:19

    International:
    Fighting has intensified for Lysychansk, Ukraine's last big bastion in the strategic eastern province of Luhansk, and an adviser to President Volodymyr Zelenskiy concedes the city could fall 18:59

    Rugby:
    Novak Djokovic meets an unfamiliar face in his fourth round match on day seven at Wimbledon 18:39

    Rugby League:
    A winning welcome home for the Warriors 18:19

    Accident and Emergency:
    A motorcyclist has died in a collision involving a truck in Northland this afternoon 18:09

    International:
    Australia's Alexander Volkanovski beats Max Holloway to defend featherweight title at UFC 276 17:59

    Environment:
    NSW is facing danger on multiple fronts with rain set to worsen, threatening floods and erosion, as conditions deteriorate earlier than expected 17:29


     News Search






    Power Search


    © 2022 New Zealand City Ltd