News | Rural
25 Jun 2022 19:27
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops

    A new report claims the capital restructure of Fonterra, New Zealand's biggest business, will cause its farmers a short-term loss of $4 billion, strengthen the dairy company's market dominance and push up the price of chilled milk at the shops


    Fonterra
    Fonterra
    The Castalia report commissioned by Fonterra export rival and the country's second-biggest dairy processor Open Country says it will also probably fuel land prices

    Open Country hired Castalia, a global strategic advisory firm, to examine the impact of the proposed restructure on Fonterra's share price and on competition between dairy processors for milk supply.

    In summary, the report said the proposal would likely collapse the price of Fonterra shares and shift significant wealth from current farmers to Fonterra itself.

    Fonterra said it had not seen the report and was not prepared to comment in detail without reading it.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
     Top Stories

    RUGBY RUGBY
    The Black Ferns Ma have polished off another flawless day at the Oceania Sevens in Pukekohe More...


    BUSINESS BUSINESS
    Ukrainian forces to withdraw from eastern city of Sievierodonetsk More...



     Today's News

    Rugby:
    The Black Ferns Ma have polished off another flawless day at the Oceania Sevens in Pukekohe 18:59

    Law and Order:
    The Kiwi Ferns have run riot over the Mate Ma'a Tonga women, 50 points to 12 18:59

    Environment:
    Afghanistan earthquake survivors frantically dig through rubble in search of relatives as relief trickles in 18:39

    Accident and Emergency:
    The search for a swimmer missing in the Tasman District's Maruia Falls has ended for the day 18:39

    Accident and Emergency:
    There's been a fatal crash involving a motorcycle in Northland this afternoon 18:39

    International:
    Where abortion is still legal in the US after the fall of Roe v Wade and what the decision means for medication abortion 18:10

    Cricket:
    England batters Jonny Bairstow and Jamie Overton have resurrected their reply to New Zealand heading into the third day of the final cricket test at Headingley 18:09

    Soccer:
    The Wellington Phoenix women's inaugural season in the A-League has helped propel their athletes into the Football Ferns 17:29

    Rugby League:
    Kiwis coach Michael Maguire can't think of a better way to reignite rugby league in New Zealand 16:49

    Cricket:
    The 12th man and woman factor of the Headingley crowd is willing on England like its Trent Bridge predecessor, heading into the third day of the final cricket test against New Zealand 16:29


     News Search






    Power Search


    © 2022 New Zealand City Ltd