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15 Jul 2020 11:16
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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.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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