12/16/2013

Fonterra will likely focus more on the production of milk powder over value-added products, as the cooperative's executives work to develop its three-year business plan following an $800 million loss because of disparity between the prices of the powder and other products. "If this is the new reality, should this be 70/30, or should it be 95/5," Fonterra CEO Theo Spierings said of milk powder's increasing prices.

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