Earlier this week Point of Order drew attention to the contrasting fortunes of key components within New Zealand’s dairy sector, which by any account is a mainstay of the country’s export industry. In that instance it was the contrast between the report of rising revenue and profit of specialist milk supplier A2 Milk and the slide in Global Dairy Trade auction prices likely to lead to another downgrade in the milk payout for Fonterra suppliers.
The contrast was heightened later in the week, first with speculative reports that Fonterra is putting up for sale the iconic icecream company Tip Top (which could yield $400m to reduce debt) as well as its South American operations.
Then came news of the opening of a new $240m plant near Gore in Southland. Continue reading “Fonterra is big but Mataura (nutritionally) aims to be world’s best”