MIDDAY UPDATE: Fonterra's guaranteed milk price offer oversubscribed as farmers shelter from volatile pricing

Thu, 25 Jun 2015

June 25 (BusinessDesk) - New Zealand business news has been preoccupied with two of the country's favourite beverages this morning, milk and booze, as Fonterra Cooperative Group boosts the number of farmers taking up a guaranteed price while Independent Liquor's financial results show a major goodwill write down. Fonterra has twice as many farms offering to supply milk for a fixed price for the upcoming season than it did last season, as uncertainty about when global dairy prices will recover spooks farmers. In Fonterra figures announce...

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