23 Jan 2025

Dairy farm | Fonterra's China farms have cost $1b but sale unlikely to recoup investment

Speculation is mounting Fonterra may have found a buyer for its China farms, although analysts do not think the dairy giant will salvage the full $1 billion it has sunk into the business over the last 10 years.

Chief executive Miles Hurrell said it was premature to discuss any outcome of the review of the farms.
“But we do believe there would be good interest. When we have an update, we will let the market, our farmers and employees know.
“We don’t shy away from the fact that we’ve invested heavily in our China farms. Any player in China will tell you it’s hard to establish farms from scratch. Our total investment in our China farms, including establishment costs and operational losses, is around $1b over the past 10 years,” Hurrell said.

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Topics |
Dairy farm, eCommerce, Fonterra

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