i agree on the yili concept. it wont need FIRB approval if it's...

i agree on the yili concept. it wont need FIRB approval if it's a partnership. and ive read some articles that have said some farmers would rather retire than supply fonterra (not sure why).
and if it was yili it would keep upwards pressure on processors to provide a competitive price.
if fonterra or bega took over the company, farmers would eventually lose out with the milk price. only have to look at what coles and wollies do to suppliers.
havent said all that, its been mentioned before that fonterra was sheet scared about losing supply to yili via a partnership with MGC. and last time i heard, fonterra was in the lead ahead of other bidders so if the $1.20 figure is to be believed then i would say fonterra offered more than that. either way, going to be interesting to see what happens.