Fonterra says nothing new behind share price slump

Fonterra says nothing new behind share price slump
Rebecca Howard
By Rebecca Howard July 5 (BusinessDesk) - Fonterra Cooperative Group chief financial officer Marc Rivers says there was nothing new behind yesterday's slump in both its farmer-owned shares the Shareholders' Fund units. “While the share price does not impact the co-op’s balance sheet or our ability to operate and pay our bills, it does impact our farmers’ balance sheets,” he said in a statement to the NZX. The farmer-owned shares yesterday dropped 6.4 percent to a record low $3.51 on a volume of 529,000, compared to their 90-day average...

More Primary Sector

Synlait shares slump 11% even as outlook brightens
Primary Sector

Synlait shares slump 11% even as outlook brightens

The market is disappointed about manufacturing challenges. 

Rebecca Howard 30 Jul 2025
Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Oliver Lewis 30 Jul 2025
Cannasouth heading for liquidation, receiver says
Primary Sector

Cannasouth heading for liquidation, receiver says

General security agreement holders are owed over $2.53m.

Gregor Thompson 29 Jul 2025
Bremworth says costs clipped and focus now on sales growth
Primary Sector

Bremworth says costs clipped and focus now on sales growth

The carpet maker's full-year results are due next month.

Riley Kennedy 28 Jul 2025