Fonterra director Monaghan pans dairy doomsayers, defends cooperative's debt level

Sun, 13 Sep 2015

By Fiona Rotherham Sept. 14 (BusinessDesk) - Fonterra Cooperative Group director John Monaghan said critics who claim dairy is doomed, and the economy with it, show a lack of understanding of the market and the structure of the dairy company. Monaghan told the New Zealand Shareholders Association conference at the weekend that the news was full of gloomy predictions with falling global dairy prices that not only was it the end of the golden weather for dairy farmers, but also the end of the industry. “Farmers are worried, anyone would...

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