Posts Tagged ‘dairy trade’

Fonterra not in control of global strategy

January 21, 2009

After several years of uninterrupted success in building a dominant dairy trading business, Fonterra hit a series of icebergs during 2008. The problems have been well documented – SanLu, abandoned capital restructuring plans, tumbling commodity prices, lower payout forecasts, questions about the online auction system – and the impression is one of loss of control of the long term direction of the business. (more…)