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Fonterra considers selling global consumer business including Anchor, Mainland, Kāpiti brands

Fonterra considers selling global consumer business including Anchor, Mainland, Kāpiti brands
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New Zealand s top CEOs: The First XV of Kiwi executives

Fonterra trims forecast milk payout for current season

The dairy co-operative reduced its forecast milk payout because of weaker prices, inflation and softer demand but said the longer term outlook remained positive.

Fonterra lifts payout forecast to record high

The dairy giant has has raised its forecast milk payout to farmers to a record level $8.40 and $9 per kilogram of milk solids.

Fonterra committed to China despite selling last assets - CEO

Fonterra is selling a couple of its last assets in China. It is to sell two joint venture farms to a business controlled by Singapore-based Japfa for $US115.5 million (NZ$163.4m). Fonterra chief executive Miles Hurrell Photo: RNZ / Dan Cook Fonterra owns 51 percent of the farms with US-based nutrition company Abbott owning the balance. Fonterra will receive NZ$88m from the sale. Fonterra chief executive Miles Hurrell said the divestment fitted its plan of concentrating on processing New Zealand milk and resulting products, although it was not turning its back on China. Greater China continues to be one of our most important strategic markets. We remain committed to our China business, bringing the goodness of New Zealand milk to Chinese customers in innovative ways and partnering with local Chinese companies to do so.

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