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5 Feb 2026 7:25
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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
     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     22 Jan: Fonterra's taking its growing organic business south for the first time
     15 Jan: Potential for a dairy price recovery
     15 Jan: Fonterra's boss says farmers are used to volatility in prices and payouts
     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
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     Today's News

    		 Rugby:
    Super Rugby boss Jack Mesley is ignoring northern hemisphere criticism of his competition's latest law trials 7:17

     Entertainment:
    Kendrick Lamar has become the most-decorated rap artist in the history of the Grammy Awards 7:01

     Entertainment:
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     Entertainment:
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     Accident and Emergency:
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     Law and Order:
    Police are not searching for anyone else following the death of a vet in Clutha 5:27

     Business:
    Auckland and Wellington are bearing the brunt of the latest unexpected rise in unemployment 4:47

     Skiing:
    Australian man Michael 'Micky' Hurst dies in Japan while skiing 4:37

     Law and Order:
    Ex-prince Andrew leaves Windsor home as British police investigate latest Epstein revelations 22:17

     Entertainment:
    Trevor Noah joked about Nicki Minaj's friendship with Donald Trump during the Grammy Awards 21:31

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