Spierings says he'll fight to keep Fonterra's 87% share of NZ milk in face of increased rivalry

Wed, 10 Jun 2015

By Fiona Rotherham June 10 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings said he’s determined not to allow the dairy cooperative to fall below its current 87 percent share of the New Zealand milk pool, despite increased competition for supply. Spierings fronted up to the media this morning after widespread criticism of the dairy cooperative’s management performance following a weak half-year financial result, lower forecast dairy payout, and anecdotal reports many of its 10,500 suppliers were seeking to leave...

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