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19 Oct 2025 9:54
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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
     10 Oct: A warning to dairy farmers - to prepare for greater climate swings
     08 Oct: Dairy prices have fallen 1.6 percent at this morning's Global Dairy Trade auction
     29 Sep: Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott
     26 Sep: Fonterra doesn't see an end in sight, to the growing demand for dairy
     26 Sep: Most dairy farmers are now breaking even again, for now
     25 Sep: Fonterra's CEO says cheaper butter prices could be on the horizon
     25 Sep: Our largest company has been seeing profits surge, despite a period of contraction in the economy as a whole
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