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28 Oct 2025 4:22
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      Home > News > Rural

    Fonterra's new boss says reducing the company's debt by 800 million dollars is achievable

    Fonterra's new boss says reducing the company's debt by 800 million dollars is achievable


    Fonterra
    Fonterra
    Miles Hurrell has been installed as CEO today, having been interim boss since last August .

    Hurrell says their balance sheet has blown out in part because of troubles in Latin America and Australia.

    He says there've been economic problems in Latin America and the drought has been an issue in Australia.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     24 Oct: A senior analyst believes the sale of Fonterra's brands wouldn't be just a short term sugar hit
     24 Oct: A belief the sale of Fonterra will benefit the sectors adjacent to the farming industry
     22 Oct: Fonterra's announced a 75-million-dollar investment to expand butter production at its South Canterbury Clandeboye site
     20 Oct: The Prime Minister's in favour of Fonterra's selling Anchor, Mainland and Kapiti - but says it's not his decision
     10 Oct: A warning to dairy farmers - to prepare for greater climate swings
     08 Oct: Dairy prices have fallen 1.6 percent at this morning's Global Dairy Trade auction
     29 Sep: Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott
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     Today's News

    		 Environment:
    Snow's closed a number of South Island state highways 22:27

     Accident and Emergency:
    A person has been flown to hospital in a critical condition after falling down a Waikato waterfall 21:17

     International:
    Two US Navy aircraft based on USS Nimitz carrier crash within 30 minutes in South China Sea 19:47

     International:
    Arnold Schwarzenegger accuses US states of trying to 'out-cheat' each other under Trump 19:17

     Accident and Emergency:
    A single-vehicle crash has blocked State Highway 2 in the Hauraki District near Karangahake Gorge 18:57

     Environment:
    Areas already hit by last week's wild weather are in for another round 18:37

     Boxing:
    Joseph Parker is adamant he still has the fire to climb the ranks of boxing's heavyweight division again 18:07

     Cricket:
    White Ferns captain Sophie Devine believes her team prepared for the World Cup's sub-continent conditions as best as they could, despite a disappointing end to her one-day career 17:27

     Netball:
    The Silver Ferns are keeping any details around coach Dame Noeline Taurua's reinstatement on the sideline until the end of the Constellation Cup 17:27

     International:
    Cost-of-living crisis and 'weight of the world' means we're socialising less than ever 17:07

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