Photo: Photo / AFP
Fonterra has announced a financial loss of $605 million for the last year as it confirmed massive write downs in the value of under-performing assets.
The diary co-op announced a farm gate milk price of $6.35 per kilo of milk solids, with no dividend.
Later this morning the company will outline its strategy to revitalise the business. Kathryn discusses the result with Federated Farmers Dairy Chairman, Chris Lewis and ASB senior rural economist Nathan Penny.
