"> Doing nothing not an option - eDairyNews-EN
Doing nothing to arrest the slide in milk supply is not an option, says Fonterra chairman Peter McBride.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email
Fonterra chairman Peter McBride.

He told farmer shareholders that the total New Zealand milk supply is likely to decline or be flat at best.

McBride says Fonterra’s supply depends on the actions it takes with the capital structure, performance, productivity and sustainability.

“If we do nothing, we are likely to see around a 12-20% decline by 2030 based on the milk supply scenarios we have modelled.

“Protecting a strong New Zealand farmer-owned co-operative of scale is in all our interests.”

He notes that being a strong co-op ensures it pays the highest sustainable milk price. Fonterra’s milk price sets the benchmark for prices Kiwi dairy farmers are paid for their milk.

“Based on our current operations, our farmgate milk price could be 6-13 cents lower by 2030 if we make no changes to our capital structure.”

Fonterra has developed an innovative process for recycling water removed from milk during the evaporation process at its Maungatūroto site. The water passes through a wetland which acts as a natural bioreactor before it is treated further on site.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

To comment or reply you must 

or

Related
notes

Cerrar
*
*
Cerrar
Registre una cuenta
Detalhes Da Conta
*
*
*
*
*
Fuerza de contraseña

SUBSCRIBE TO OUR NEWSLETTER