Fonterra in final stages of acquiring China dairy farms

Fonterra said it is in the final stages of due diligence on two dairy farms in China. 

The world's largest exporter of dairy products said is has signed an agreement with the government of

Yutian County, which is near the cooperative's existing Tangshan Fonterra Farm.

"This agreement is a positive step in the negotiation process with Yutian County," said Philip Turner, Fonterra's managing director for China.

"We've always said that we believe the bulk of China's growing demand for dairy will be met by locally produced milk.

"By investing in two further farms, we are building on our commitment to build a safe, secure and sustainable milk supply for our customers in China," he said.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

SKC - Asset Monetisation Programme Update
July 17th Morning Report
MEL - Meridian Energy monthly operating report for June 2026
Devon Funds Morning Note - 15 July 2026
BIT - Transaction in Own Shares
Summerset Welcomes Alison Barrass to Board
LIC - Full Year Results 2025-26
VHP - Full Year Results Announcement Date and Webcast Details
AIA - June 2026 Monthly traffic update
CHI - Q2 2026 Operational Update