Fonterra's 'Velocity' programme doesn't appear to have delivered - ComCom

Fonterra's 'Velocity' programme doesn't appear to have delivered - ComCom
Paul McBeth
By Paul McBeth Sept. 12 (BusinessDesk) - Fonterra Cooperative Group's 2015 'Velocity' restructuring doesn't appear to have achieved the savings expected and pushed up the dominant dairy exporter's costs used in setting the regulated milk price.  The dairy exporter bumped up its administration and overhead costs for the 2019 and 2020 seasons by $20 million in each year in calculating the milk price, according to the Commerce Commission's final report on the 2019 milk price. The regulator said the extra costs relate "either to the failur...

More Primary Sector

Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024
Progress takes more than Groundhog Day rhetoric
Primary Sector

Julia Jones: Progress takes more than Groundhog Day rhetoric

There seems to be a noticeable lack of innovation in NZ's red meat export industry.

Julia Jones 19 Apr 2024
Tough season for Terra Vitae Vineyards
Primary Sector

Tough season for Terra Vitae Vineyards

The yield from this year's harvest was 20% below the budgeted amount.

Rebecca Howard 19 Apr 2024