NZ bank lashes Fonterra's performance, casts doubt on profit ambitions

Carlene Dowie
September 27 2019 - 3:00pm
INTAKE WARNING: A New Zealand bank economist has warned that if the country's total milk intakes fall then Fonterra's share is likely to be eroded more quickly.
INTAKE WARNING: A New Zealand bank economist has warned that if the country's total milk intakes fall then Fonterra's share is likely to be eroded more quickly.

One of New Zealand's biggest banks has given a scathing assessment of Fonterra's financial performance and new strategic direction.

Carlene Dowie

Carlene Dowie is the editor of the Australian Dairyfarmer magazine and has more than 30 years' experience as a rural journalist.

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