Fonterra Warns 12-Month Fuel Shock Will Lift Costs and Hit Demand
Updated
Updated · Bloomberg · Jun 10
Fonterra Warns 12-Month Fuel Shock Will Lift Costs and Hit Demand
2 articles · Updated · Bloomberg · Jun 10
Summary
Richard Allen said Fonterra still cannot gauge how far rising fuel prices will affect the cooperative and its suppliers over the next 12 months.
Fuel and freight cost surges are already a major issue in budget and business-plan discussions, pointing to pressure on operating expenses and customer demand.
Allen outlined the risk at Fieldays, New Zealand’s national agricultural exhibition, as management maps spending and strategy for the coming years.