Fonterra will collect milk from non shareholder suppliers for first time in history

Wed, 10 Dec 2014

By Fiona Rotherham Dec. 11 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, will start sourcing milk from suppliers who are not also shareholders through a new milk sourcing subsidiary, mymilk, for the first time in its 13-year history. Christchurch-based mymilk will initially focus on attracting milk in the Canterbury, Otago and Southland regions where competition for milk supply is most intense, but chief executive Richard Allen said the plan is to eventually include the North Island as well. Suppliers...

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