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27 Jun 2022 20:28
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  •   Home > News > Rural

    Trade and Export Growth Minister Damien O'Connor is supporting Fonterra's removal of business in Russia

    Trade and Export Growth Minister Damien O'Connor is supporting Fonterra's removal of business in Russia


    Fonterra
    Fonterra
    The co-op is closing its office in Moscow, re-deploying staff where possible and withdrawing from its joint venture with Unifood

    It is already stopping exports to Russia - making up about 1 percent of annual shipments.

    O'Connor says it's an understandable commercial decision for Fonterra.

    © 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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