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4 Jul 2022 5:56
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  •   Home > News > Rural

    Fonterra's still deciding what to do about its Russian operations long-term

    Fonterra's still deciding what to do about its Russian operations long-term


    Fonterra
    Fonterra
    The co-op's released its half year results, which show a seven percent drop in after-tax profit, to 364 million dollars, largely due to high milk prices.

    CEO Miles Hurrell says Fonterra made the call very early to suspend shipments to Russia.

    He says the co-op has seven people in Moscow and a joint venture with another 35 people.

    Hurrell says Fonterra's assessing the impacts on its people and no decision's been made yet.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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