News | Rural
5 Dec 2020 22:01
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     05 Dec: Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious
     04 Dec: Fonterra farmers will share an extra 300 million dollars from a lifted milk price...thanks to strong demand from China
     04 Dec: Fonterra is waiting on regulators to clear the sale of its Chinese farms
     04 Dec: A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
     Top Stories

    RUGBY RUGBY
    The kaumatua of the Maori All Blacks squad is making his presence felt ahead of tonight's match with Moana Pasifika More...


    BUSINESS BUSINESS
    Lotto players in Tairua, Lower Hutt and Wellington share tonight's $1 million Lotto Division One prize money More...



     Today's News

    Auckland:
    The large fire in an Auckland church is now out 21:57

    Law and Order:
    Two people are in custody after reports of a firearm in a vehicle on Auckland's Southern Motorway 21:57

    Business:
    Lotto players in Tairua, Lower Hutt and Wellington share tonight's $1 million Lotto Division One prize money 21:17

    International:
    Garment workers for Adidas, Nike and H&M among those going hungry due to coronavirus pandemic, survey finds 19:07

    Accident and Emergency:
    The Clinton Highway, near Waiwera South, east of Gore has been closed after a serious two-car crash 18:37

    Golf:
    Auckland have claimed a fifth straight women's inter-provincial golf championship after humbling Canterbury five-nil in the championship final 18:07

    Accident and Emergency:
    One person's dead following a serious crash earlier today on State Highway 2, at Otoko, near Gisborne 17:27

    Rugby:
    The kaumatua of the Maori All Blacks squad is making his presence felt ahead of tonight's match with Moana Pasifika 16:57

    Living & Travel:
    Animal rights organisation SAFE has launched a petition demanding an end to the worst aspects of rodeo 16:17

    Soccer:
    New Zealand Football technical director Andrew Boyens admits bias towards the Wellington Phoenix over other kiwi clubs 15:27


     News Search






    Power Search


    © 2020 New Zealand City Ltd