Pent-up milk powder inventories in China, where demand has soared, and a rise in global supply have knocked world prices from last year’s record highs. Photo: AFP

Fonterra cuts milk price payout as profits tumble

Topic |   New Zealand

TOP PICKS

Pent-up milk powder inventories in China, where demand has soared, and a rise in global supply have knocked world prices from last year’s record highs. Photo: AFP
READ FULL ARTICLE