Co-operative Group Limited today reduced its forecast Farmgate Milk Price for
the 2017/18 season from $6.75 to $6.40 per kgMS and updated the market on its financial
results for the first three months of the 2018 financial year.
The tribunal in the arbitration
with Danone on claims arising out of Fonterra’s WPC80 precautionary recall in
August 2013 has issued its award. The tribunal has determined that Fonterra
must pay a total of NZD $183 million (€105 million) in recall costs suffered by
Fonterra has joined with Shine and Women’s Refuge to launch a programme to raise awareness about family violence and provide support services for any of its 12,000+ New Zealand employees who may need help.
today our Co-operative has lost one of our strongest people with former
Director Michael Spaans passing away last night. He is survived by his wife
Kristina and children Olivia, Logan and Harvey.