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Frank Brown

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The excesses of management are beyond belief in Fonterra,with three new factory built by new entrants they are going to suck the life blood of the mammoth of the under managed coop.You will see factories mothballed.
44% of dairy debt is over $30 dollars a kg/Dm with 12% over $40 there is going to be carnage as the banks are squeezed by regulators about their over exposure and ratios.

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