Fonterra says processing plants exceed milk supply
Brad ThompsonReporter
Dairy giant Fonterra says it has slimmed down to the right size in Australia but the industry here still has too much processing capacity for the available milk supply.
New Zealand-based Fonterra is predicting more plant closures among dairy processors in Australia as Japan's Kirin seeks a new buyer for its white milk, milk-based beverages, yoghurt and juice business.
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