13 Aug 2019

PM Jacinda Ardern discusses Fonterra problems

From Morning Report, 7:24 am on 13 August 2019

Dairy farmers are shaken by the latest news from Fonterra and say the loss of any dividend this year will hinder growth and paying down debt.

The co-operative, which is New Zealand's largest company, is forecasting a loss of between $590m and $675 million for the current financial year. Prime Minister Jacinda Ardern discusses the problem.