Shrinking NZ milk pool plays into Fonterra’s hands – Hurrell

Fri, 08 Nov 2019

A dwindling domestic dairy herd will play into Fonterra Cooperative Group’s plan to extract greater value from New Zealand milk by introducing scarcity to the market, chief executive Miles Hurrell says.The growing environmental regulatory burden was firmly on a number of farmers’ minds at yesterday’s annual meeting in Invercargill, and both Hurrell and chair John Monaghan were quick to reassure them the cooperative was working with policymakers, securing some wins and bearing some losses.However, Monaghan said that challenge wasn’t unique to Ne...

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