Sharechat Logo

Fonterra in final stages of acquiring China dairy farms

Friday 17th September 2010

Text too small?

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.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

Wellington International Airport Ltd (“WIA040”) - Maturity
Devon Funds Morning Note - 18 July 2024
CNU - Commerce Commission releases draft Price Quality decision
Precinct FY24 Annual Results and Webcast Details
Scott Technology appoints new CEO
Synlait FY24 guidance withdrawal
Meridian issues demand response exercise notice to NZAS
July 17th Morning Report
CRP - Korella North Environmental Approval Granted
SCL - Sale of Apple Orchards