YEAR IN REVIEW White gold emerges triumphant from Fonterra stumbles

Sun, 22 Dec 2013

By Paul McBeth Dec. 20 (BusinessDesk) - Soaring commodity prices and insatiable Chinese demand for milk powder helped the primary sector emerge largely unscathed from last summer’s drought and Fonterra Cooperative Group’s series of food scares in 2014. The year started badly for Fonterra after a Wall Street Journal article questioned the safety of New Zealand milk after traces of DCD, a nitrate inhibitor, were found in some powder milk, arousing fears over food safety in the country’s key export commodity. Chief executive Theo Spierings an...

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