13 Aug 2019

Is there more bad news to come from Fonterra?

From Morning Report, 7:37 am on 13 August 2019

Agricultural economist Peter Fraser, who warned Fonterra was heading for collapse, is asking whether it's "brought out all its dead" or if there's more to come.

Fonterra is forecasting a loss of up to $675 million this financial year, and will not pay a dividend to its 10,000 farmer shareholders.

Fonterra declined to come on Morning Report. Mr Fraser talks to Susie Ferguson in the studio.