Economist optimistic about Fonterra's future
New Zealand's biggest company is changing its mindset. Fonterra has written off $826 million from its assets as it looks to clear the decks and scale back. Fonterra chief executive Miles Hurrell told Morning Report earlier this morning he doesn't think the company will need external capital to stay afloat within the next five years, but he's not ruling it out entirely. Susie speaks to agricultural economist, Peter Fraser.