Fonterra CEO Miles Hurrell reports 'good' demand for dairy despite global milk supply growth

Fonterra CEO Miles Hurrell reports 'good' demand for dairy despite global milk supply growth
Chair Peter McBride addresses the co-op's annual meeting in Christchurch on Thursday. (Image: BusinessDesk)
Riley Kennedy
Fonterra Co-operative Group is continuing to see “good demand” from its customers, which value its “unique offering”, its chief executive says.That’s despite global milk supply growth currently outpacing demand.The co-op held its annual meeting in Christchurch on Thursday, roughly six weeks after Fonterra’s shareholders strongly backed the $4.2 billion deal to sell its consumer operation, known as Mainland Group, to Lactalis.Two weeks ago, Fonterra cut its forecast milk price to $9.50/kgMS after consecut...

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