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17 Aug 2022 17:32
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  •   Home > News > Rural

    Fonterra says its stand-out market continues to be China

    Fonterra says its stand-out market continues to be China


    Fonterra
    Fonterra
    The dairy giant has posted normalised Earnings Before Interest and Tax of 684 million, up 17 percent, for the first six months of the financial year.

    In Greater China, Fonterra's normalised EBIT was 339 million dollars, a 38 percent increase.

    But the co-op says it's decided to sell-off the joint venture JV farms in China, by the end of this calendar year.

    CEO Miles Hurrell says it's in line with the strategy to focus on New Zealand milk.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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