Fonterra fails - again - to cash in on dairy value-added

Wed, 21 Mar 2018

By Nikki Mandow March 22 (BusinessDesk) - The contrast between Synlait Milk's record first-half profit and Fonterra Cooperative Group's interim loss suggest the world's largest dairy exporter hasn't just got trouble with Beingmate Baby & Child Food, but a long-running inability to move away from commodity production. This week milk powder and infant formula maker Synlait Milk posted a first-half profit of $40.7 million, four times more than it earned a year earlier as sales jumped 50 percent to $439 million. And Synlait isn’t the only NZ...

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