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8 Jan 2026 10:09
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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.

    © 2026 Newstalk ZB, NZCity

     Other Rural News
     26 Dec: Some good news on the horizon for cattle and sheep farmers
     19 Dec: The Reserve Bank's weighing in on the Fonterra deal
     12 Dec: Dairy farmers are being warned they'll be taking a cut in earnings, due to falling global dairy prices
     04 Dec: Fonterra is getting closer to selling off its consumer brands like Anchor and Mainland
     03 Dec: The fall in global dairy prices continues
     01 Dec: A number of farms are converting to dairy, but cow numbers still lag behind previous peaks
     28 Nov: Farmers are turning out more milk with fewer cows
     Top Stories

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    BUSINESS BUSINESS
    Police are appealing for information, about a boat stolen from a commercial yard in Whangarei on Tuesday More...


     Today's News

    		 Entertainment:
    Jamie Lynn Spears says her beauty secrets are "good lighting, tons of make-up and pounds of fake hair" 9:53

     Business:
    Police are appealing for information, about a boat stolen from a commercial yard in Whangarei on Tuesday 9:26

     Entertainment:
    Paul Mescal is ready to start "rationing" his work 9:23

     Entertainment:
    George Clooney has hit out at Donald Trump after the president criticised the actor for obtaining French citizenship 8:53

     Environment:
    Parts of the South Island are in for a lashing today 8:47

     Entertainment:
    Kelly Osbourne is "devastated" following the death of her make-up artist pal Jasen Kaplan 8:23

     Business:
    Hopes new meth-contamination statistics will quell concerns 8:17

     Accident and Emergency:
    Formal identification is still under way for a body recovered on southern Mount Huxley 8:07

     Soccer:
    Darren Fletcher believes intense scrutiny of Manchester United is warranted, and welcomed 7:56

     Entertainment:
    Aaron Phypers' mother has reportedly pleaded for financial help for her son, in a new GoFundMe 7:53

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