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29 Mar 2024 5:21
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  •   Home > News > Rural

    Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market

    Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market


    Fonterra
    Fonterra
    Inner Mongolia Natural Dairy has purchased two farming hubs for just over 500 million, and another farm's sold for 42 million.

    Fonterra CEO Miles Hurrell says it will let the co-op prioritise areas where they have a competitive advantage.

    China Studies Centre director Antje Fiedler says Fonterra is heavily involved in product development throughout China and South East Asia.

    She says one example is working with chefs to create cake products that specifically use New Zealand butter.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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