Asia, Latin America help boost Fonterra profits
date:Mar 29, 2013
ing. But there is no denying the stress that a drought causes and at times like these, farmer shareholders are looking for support from their co-operative. Backed by our strong balance sheet and operating cash flows, we were able to increase the advance rate paid to farmers for their milk. The faster advance rate together with the higher forecast Milk Price means on average farmer shareholders will receive $100,000 earlier in the season. This is particularly important to our farmers. It means we
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