Fonterra offers premium, rolling contracts to organic dairy producers

Wed, 18 Mar 2015

By Fiona Rotherham March 18 (BusinessDesk) - Fonterra Cooperative Group is paying its organic dairy producers a 45 cents per kilogram of milk solids premium to boost supply amid growing demand. It’s also moving to rolling rather than fixed contracts to give suppliers greater certainty over Fonterra’s commitment to the organic strategy, which still accounts for less than 1 percent of total milk supply. Fonterra’s move is something of a U-turn to the shake-up of its previously unprofitable organics business in the past four years. In 201...

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