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22 Jul 2024 7:49
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  •   Home > News > Rural

    Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business

    Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business


    Fonterra
    Fonterra
    The dairy giant's signalled its intent to sell-off some non-New Zealand operations, like Fonterra Oceania and Fonterra Sri Lanka.

    CEO Miles Hurrell says Fonterra's strengths lie in producing world-class ingredients, such as milk powder and cheese -- to sell to consumers, and other businesses.

    He says the Oceania and Sri Lanka operations weren't core - but what is, is being an extension of farmers' farms and taking their products.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     19 Jul: A batch of sesame seeds is being recalled due to risk of salmonella
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     27 Jun: A tough time for dairy farmers with expenses up, and profits down
     05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction
     29 May: Fonterra remains wary about the state of the global dairy market
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
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