date:May 26, 2016
n net profit of NZ$409 million, a 123 per cent increase on the corresponding 2015 period.
The balance between available dairy exports and imports has been unfavourable for 18 months following European production increasing more than expected and lower imports into China and Russia. This imbalance is likely to continue in the short term, with prices expected to lift later this calendar year, said Fonterra Chief Executive Officer Theo Spierings at the time.
Coles
As concerns mount, major Austr