Fonterra is big but Mataura (nutritionally) aims to be world’s best

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”