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7 Feb 2025 6:21
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  •   Home > News > Rural

    Fonterra's still deciding what to do about its Russian operations long-term

    Fonterra's still deciding what to do about its Russian operations long-term


    Fonterra
    Fonterra
    The co-op's released its half year results, which show a seven percent drop in after-tax profit, to 364 million dollars, largely due to high milk prices.

    CEO Miles Hurrell says Fonterra made the call very early to suspend shipments to Russia.

    He says the co-op has seven people in Moscow and a joint venture with another 35 people.

    Hurrell says Fonterra's assessing the impacts on its people and no decision's been made yet.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
     15 Jan: Good news for dairy farmers - not so good for everyone else
     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
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