Fonterra units, shares up 24% since new strategy unveiled

Fonterra units, shares up 24% since new strategy unveiled
Rebecca Howard
Farmer-owned Fonterra Cooperative Group shares and units in the Fonterra Shareholders Fund have gained about 24 percent since the beleaguered cooperative unveiled its new strategy at the end of September. The units were last up 6.6 percent at $4.03 while the farmer-owned shares were up 6.1 percent $4.01, the highest since June. However, both the units and the shares are still down around 19 percent this year and are still worth less than half their all-time high of $8.09 in May 2013. “It’s somewhat of a vote of confidence in the new strat...

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