Fonterra Archives - Inside FMCG
Fonterra CEO says “the drivers of value are changing”.
This week’s top headlines.
Lactalis, Saputo and Danone are among 13 global dairy companies that have worsened climate pollution, according to the Institute of Agriculture and Trade Policy report in the US.
Agriculture was labelled essential during New Zealand’s lockdown and was one of the few industries able to keep doors open.
Lion and CUB both slipped back in the rankings based on company revenue.
Demand for infant formula and skim milk powder from Australia also dropped over the last 12 months.
The top headlines this week.
The purchase is part of the dairy giant’s plans to streamline operations in the country.
Fonterra chief executive Miles Hurrell said there are positive signals for milk price but warned that a lot can change.
Fraser Whineray will join as chief operating officer in early 2020.