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17 Dec 2025 12:45
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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
     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
     25 Nov: Fonterra still expects most dairy farmers to break even this season
     23 Nov: Calls for farmers to get on top of worm treatment for their dogs - to stop the spread of C-ovis or sheep measles
     Top Stories

    RUGBY RUGBY
    The Highlanders have signed promising Southland playmaker Mika Muliaina for the next four years More...


    BUSINESS BUSINESS
    More than a 100-thousand dollars in fines - for Waikato farms convicted of mismanaging effluent More...



     Today's News

    Law and Order:
    Auckland Police say a man absconded on foot last night - after being caught driving a moped at speed without headlights 12:27

    Entertainment:
    Julia Louis-Dreyfus felt "backed into a corner" to reveal her cancer diagnosis 12:20

    Law and Order:
    More details about a young Otago man's hunting death on Stewart Island in July 11:57

    Entertainment:
    Jamie Lee Curtis will be taking a break from social media over the Christmas period 11:50

    Cricket:
    Paceman Jacob Duffy is welcoming Ajaz Patel's experience back into the Black Caps fold 11:47

    Accident and Emergency:
    Two climbers are still missing on Aoraki Mount Cook - with searches stretching into a third day 11:27

    Entertainment:
    Melissa Joan Hart was fired twice in one night during "one of the worst days" of her life 11:20

    Rugby:
    The Highlanders have signed promising Southland playmaker Mika Muliaina for the next four years 11:17

    National:
    What NZ needs to watch as Australia reforms gun laws after the Bondi terror attack 11:17

    Business:
    More than a 100-thousand dollars in fines - for Waikato farms convicted of mismanaging effluent 11:07


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