Dairy boss blames soaring butter prices on global demand

Dairy boss blames soaring butter prices on global demand

The head of Fonterra says he understands consumers' frustration about the price of butter, but the co-op has to deliver for farmers.

Fonterra boss blames soaring butter prices on global demand

Miles Hurrell says he understands frustration about the price of butter, but that the co-op has to deliver for farmers.

Soaring butter prices highlight all that is wrong with NZ free trade

Fonterra boss blames soaring butter prices on global demand The head of Fonterra says he understands consumers’ frustration about the price of butter, but the co-op has to deliver for farmers. In its third-quarter update, Fonterra’s profit for the nine months ended April rose 11 percent to $1.08 billion (or $1.16b excluding one-offs), driven by strong demand. But the same demand has meant soaring prices for household staples like butter. Recent …