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.
Businesswire.co.nz
No comments yet
Skellerup achieves another record result
August 21st Morning Report
Me Today signals capital raise and provides trading update
Seeka Announces Interim Result and Updates Guidance
FBU - Fletcher Building announces FY25 Results
August 20th Morning Report
RUA - New Zealand grown products support Rua's global strategy
Devon Funds Morning Note - 19 August 2025
Seeka Announces 15 cent Dividend
MCY - Major renewable build advanced despite 10% earnings dip