Dairy cows grazing on farm in New Zealand© Nick Servian/robertharding/Rex/Shutterstock
New Zealand mega co-op Fonterra has more than doubled its profits, which it will use to bail out struggling dairy farmers.  The business, owned by 10,500 producers and supplying 90% of the country’s milk, will pay shareholders a half-year dividend of 20 cents/kg of milk solids (1p/litre) in April – twice as much as in 2016.  It will then pay another 20 cents/kg (1p/litre), split between May and August, brought forward from the usual October. But Fonterra confirmed its latest […]
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