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6 Jul 2025 4:22
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  •   Home > News > Rural

    Fonterra's still deciding what to do about its Russian operations long-term

    Fonterra's still deciding what to do about its Russian operations long-term


    Fonterra
    Fonterra
    The co-op's released its half year results, which show a seven percent drop in after-tax profit, to 364 million dollars, largely due to high milk prices.

    CEO Miles Hurrell says Fonterra made the call very early to suspend shipments to Russia.

    He says the co-op has seven people in Moscow and a joint venture with another 35 people.

    Hurrell says Fonterra's assessing the impacts on its people and no decision's been made yet.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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