News | Rural
9 May 2024 0:30
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • 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

    Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars

    Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars


    Fonterra
    Fonterra
    In October, the dairy giant announced the sales to the Inner Mongolia Youran Dairy Company, which has since got anti-trust and regulatory clearance in China.

    CEO Miles Hurrell says the the farms helped China develop its dairy industry.

    He says company's strategy is now focusing on its Foodservice, Consumer and Ingredients businesses in China.

    The co-op is continuing with the sale of its 85 percent stake in its Hangu farm, to a minority shareholder.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     Top Stories

    RUGBY RUGBY
    Relief for the Crusaders and All Blacks coaches More...


    BUSINESS BUSINESS
    Fancy a steak in your next shake? More...



     Today's News

    Business:
    Fancy a steak in your next shake? 21:57

    Entertainment:
    Girls Aloud used to perform straight after clubbing all night 21:45

    Business:
    Transpower is assuring people there's no risk to the power supply despite one company suggesting there was 21:17

    Entertainment:
    Megan Fox has been defended by Vanessa Marcil after she faced a barrage of criticism for her rocky romance with Machine Gun Kelly 21:15

    Entertainment:
    Ava Phillippe has called out "toxic" bodyshamers who called her "too fat" and "too thin" 20:45

    Business:
    Manual cars will still be around for years to come despite suggestions new models will soon stop 20:17

    Entertainment:
    Jennifer Connelly wants to go back to college to finish her education - three decades after dropping out to become a full-time actor 20:15

    Entertainment:
    Jasmine Jobson thinks that going into foster care was the "best thing" she ever did 19:45

    International:
    Ukrainian officials say they've intercepted a plot to assassinate Volodymyr Zelenskyy. What happens if the country lost the 'public face' of the war 19:17

    Entertainment:
    King Charles and Queen Camilla have invited Royal fans to share their "favourite memories" from their Coronation one year on 19:15


     News Search






    Power Search


    © 2024 New Zealand City Ltd