Farmers may need convincing over Fonterra divestment plans

Fonterra Co-operative Council chair John Stevenson says the divestment plan is a “bold move”. (Image: supplied)

Wed, 22 May 2024

Opinion among Fonterra’s suppliers over the future of its consumer business appears to be split, nearly a week after plans for change were revealed.On Thursday last week, the co-operative announced it was looking at options to divest its consumer business, either fully or partially, as well as Fonterra Oceania and Fonterra Sri Lanka.The co-op’s consumer business includes brands such as Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star and Perfect Italiano. As previously reported, chief executive Miles Hurre...

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