News | Business
14 Jan 2026 8:15
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars

    Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars


    Fonterra
    Fonterra
    In October, the dairy giant announced the sales to the Inner Mongolia Youran Dairy Company, which has since got anti-trust and regulatory clearance in China.

    CEO Miles Hurrell says the the farms helped China develop its dairy industry.

    He says company's strategy is now focusing on its Foodservice, Consumer and Ingredients businesses in China.

    The co-op is continuing with the sale of its 85 percent stake in its Hangu farm, to a minority shareholder.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     14 Jan: Russia's nuclear-capable hypersonic Oreshnik missile a new NATO dilemma
     14 Jan: An expectation inflation won't rise any higher and interest rates won't fall any lower
     13 Jan: Concern persistent tough economic conditions are impacting young people's employment opportunities
     13 Jan: Retail New Zealand is warning dismal Boxing Day sales reinforces there's a way to go for consumers to be ready to spend again
     13 Jan: Positivity is proving contagious - with business confidence at a nearly 14-year high
     13 Jan: An NZIER survey shows business confidence is at its highest point in almost 12 years
     13 Jan: The US company trying to takeover Kiwi tech firm Rakon plans to keep its presence here
     Top Stories

    RUGBY RUGBY
    Moana Pasifika coach Tana Umaga's addressed a diminished player pool this season More...


    BUSINESS BUSINESS
    Russia's nuclear-capable hypersonic Oreshnik missile a new NATO dilemma More...



     Today's News

    National:
    NZ’s health data hack needs a proper diagnosis – and a transparent treatment plan 8:07

    Business:
    Russia's nuclear-capable hypersonic Oreshnik missile a new NATO dilemma 8:07

    Law and Order:
    A Christchurch man has tested his endurance by cycling for 24 hours around a McDonald's drive through 8:07

    Law and Order:
    A man's dead and three others are fighting for their lives, after an overnight shooting at Waitarere Beach near Levin 7:57

    Technology:
    Rare verified footage of Iran's protests posted online shows how the movement started and how it is growing 7:57

    Law and Order:
    A man who spent 30 years behind bars from the age of 19, took his own life months after being released 7:57

    Entertainment:
    Gracie Abrams has hinted that she's open to an acting role 7:53

    Rugby:
    Moana Pasifika coach Tana Umaga's addressed a diminished player pool this season 7:47

    Business:
    An expectation inflation won't rise any higher and interest rates won't fall any lower 7:37

    Entertainment:
    Kendall Jenner has "never had any plastic surgery" 7:23


     News Search






    Power Search


    © 2026 New Zealand City Ltd