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16 Jun 2024 22:39
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  •   Home > News > Rural

    Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business

    Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business


    Fonterra
    Fonterra
    The dairy giant's signalled its intent to sell-off some non-New Zealand operations, like Fonterra Oceania and Fonterra Sri Lanka.

    CEO Miles Hurrell says Fonterra's strengths lie in producing world-class ingredients, such as milk powder and cheese -- to sell to consumers, and other businesses.

    He says the Oceania and Sri Lanka operations weren't core - but what is, is being an extension of farmers' farms and taking their products.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction
     29 May: Fonterra remains wary about the state of the global dairy market
     21 May: Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
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    All Blacks playmaker Beauden Barrett has made his return to rugby on New Zealand shores, suiting up for Coastal in the Taranaki Premier club rugby competition yesterday More...


    BUSINESS BUSINESS
    Auckland Transport says Auckland's trains will be operating on a reduced timetable again tomorrow because of the continued industrial action by train staff More...



     Today's News

    Business:
    Auckland Transport says Auckland's trains will be operating on a reduced timetable again tomorrow because of the continued industrial action by train staff 21:57

    Law and Order:
    Police want to speak with people who saw a crash between a black SUV and a light truck and trailer near Hampton Downs on Friday 21:17

    International:
    Israeli military announces 'tactical pauses' in southern Gaza fighting to boost aid flow 21:07

    Environment:
    A severe thunderstorm warning's been issued for Wellington and the Wairarapa 18:57

    Netball:
    The Mainland Tactix are the new leaders in netball's ANZ Premiership 18:37

    Politics:
    NSW allocates $450 million for more than 400 build-to-rent homes for essential workers 18:17

    Law and Order:
    The body of a 26-year-old woman reported missing from Te Atatu Peninsula has been found 18:07

    Rugby League:
    The Edmonton Oilers have emphatically forced a game-five in ice hockey's Stanley Cup title series with an 8-1 game four win on home ice against the Florida Panthers 17:27

    Environment:
    A bout of rough weather is bound for the South Island's West Coast 16:57

    Rugby:
    All Blacks playmaker Beauden Barrett has made his return to rugby on New Zealand shores, suiting up for Coastal in the Taranaki Premier club rugby competition yesterday 16:17


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