fonterra in A Sentence

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Fonterra to cut more jobs.

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Fonterra is a co-operative that buys dairy products from New Zealand farmers and sells them on to foreign companies.

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Earlier this year, Fonterra discovered a major write-off from its share in the producer of Chinese baby food manufacturers.

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There are no two ways, these results do not meet the standards that we need to meet," said Interim CEO Fonterra Miles Harrell.

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Chief Financial Officer Mark Rivers said that"all options were on the table," when asked during a media call, can the review lead to the fact that Fonterra will sell its 18.8% stake in Beingmate.

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But then again perhaps Tacon has a point: the dairy company Fonterra burns more than half of all New Zealand's coal, and the dairy industry as a whole emits 2.2 million tonnes of carbon dioxide per year burning coal to dry milk.

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