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8 Mar 2021 7:17
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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.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     05 Mar: Chinese demand has pushed up the expected payout for farmers
     05 Mar: Fonterra has lifted its forecast Farmgate Milk Price
     04 Mar: Fonterra is weighing up a possible increase to its Farmgate Milk Price, following the latest rise in global dairy prices
     02 Mar: Farmer calls to dump the Government's winter grazing rules, are growing in Southland
     25 Feb: Promising news for Fonterra shareholders
     28 Jan: Kiwi dairy farmers are leading the world in low emission production, but there's always room for improvement
     16 Dec: Some good news for farmers, in the last Global Dairy Trade auction before Christmas
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