Fonterra follows Murray Goulburn in slashing price it pays farmers for milk

By Jared Lynch
Updated May 5 2016 - 9:13pm, first published 5:14pm
Fonterra Australia managing director Judith Swales said the farm gate cut better reflected global realities. Photo: Josh Robenstone
Fonterra Australia managing director Judith Swales said the farm gate cut better reflected global realities. Photo: Josh Robenstone

The world's biggest dairy exporter, Fonterra, says it could have done more to warn farmers after it slashed their milk payments for the first time since the financial crisis.

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