News | Rural
6 Dec 2019 16:37
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  •   Home > News > Rural

    Fonterra's top executive in China says the co-op's business there is "humming"

    Fonterra's top executive in China says the co-op's business there is "humming"


    Fonterra
    Fonterra
    That's despite the woes with its investment in infant formula maker Beingmate .

    Christina Zhu says Beingmate's well publicised losses are obscuring the bigger picture.

    She says Beingmate is only a part of Fonterra's overall China business.

    But Zhu says it's still the largest and fastest growing infant formula market in the world - and Fonterra accounts for 35 per cent of China's total dairy imports.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     04 Dec: Dairy prices have fallen for the first time in three months
     20 Nov: Global dairy prices have risen 1.7 percent at Fonterra's latest overnight auction
     15 Nov: Fonterra's human resources manager has resigned after less than a year in the job
     06 Nov: Global dairy prices have risen 3.7-percent at Fonterra's latest overnight auction
     22 Oct: Good news for farmers from Fonterra this morning
     18 Oct: Trouble at Fonterra, but not of the financial kind this time
     17 Oct: Emergency services are trying to establish what caused a chemical explosion at a Fonterra plant north of Whangarei
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