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- Fonterra CEO: the strong New Zealand dollar exchange rate hurts us
Fonterra CEO: the strong New Zealand dollar exchange rate hurts us
Today, after the meeting of the Reserve Bank of New Zealand, the New Zealand tradid again around the monthly high. Later, the CEO of the largest in the world powdered milk company Fonterra, Theo Spirings said the strong New Zealand dollar exchange rate hurts the company. Recall that milk is one of the main exports of New Zealand and Fonterra's profits directly affect the economic component of the region. For this reason, many analysts warn about possible verbal intervention on the part of central banks and governments.
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