Fonterra’s local margins shrink as dairy cow scarcity grows
Simon EvansSenior reporter
A shortage of dairy cows has caused profit margins in Fonterra’s Australian business to drop, even as they expand across the broader trans-Tasman groups as demand from Chinese consumers improves.
Fonterra, which owns Western Star butter, Mainland cheese and Perfect Italiano cheese, on Thursday said profits after tax had climbed 62 per cent to $NZ346 million ($324 million) for the three months ended September 30.
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