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Fonterra says farmer loan support package will cost $390mln

2015-11-27 03:36:49| Food - Topix.net

Fonterra Cooperative Group, the world's largest dairy exporter, has said the cost of its loan support package to farmers struggling with a low dairy payout will be $390 million. Speaking at the Fonterra Shareholders' Fund annual meeting in Auckland today, chief financial officer Lukas Paravicini reassured unit-holders that the loan package made no difference to shareholders' dividends because it would be repaid over time.

Tags: support cost package loan

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