Fonterra to benefit from Aussie rival’s pain: analyst
Murray Goulburn's milk price drop will mean lower costs for Fonterra's Australian operations.
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EARNINGS
Fonterra’s [NZX: FSF] Australian business will benefit from rival Murray Goulburn’s misfortune after the Victoria-based co-op slashed its milk price and profit forecast yesterday, an analyst says.
In a research note, Forsyth Barr analyst James Bascand says Fonterra’s costs would fall by $80-110
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Tim Hunter
Thu, 28 Apr 2016
Thu, 28 Apr 2016
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Fonterra to benefit from Aussie rival’s pain: analyst
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