NZ Dairy War: Fonterra’s Milk Share Slipping Despite Profit Surge
Despite a record payout and $1.1B profit, the co-op’s share of the New Zealand milk pool is shrinking as independent processors intensify competition. Despite reporting a massive profit after tax of $1.1 billion and a record $10.16/kgMS milk price for the last season, Fonterra Co-operative Group is struggling to defend its dominant market position. The dairy giant confirmed it netted a higher volume…