Topic “Fonterra” — Exporter Magazine

As of July 2010, in accordance with the most recently accepted documents, Russia, Belarus and Kazakhstan formally created a joint customs area, within which the majority of goods exchange are subject to the principles of free trade. Fonterra has completed an NZ$8 million investment in its UHT milk processing facilities in Auckland in a bid to meet growing demand in Asia and the Pacific, according to DairyReporter.com. Fonterra has revealed that prices were down sharply at its latest auction, as concerns about supply, which had fueled recent price increases, eased, according to DairyReporter.com. New Zealand dairy exports, which make up a fifth of the nation’s total overseas trade, are likely to surge 58% over the next four years on rising prices and demand, according to Bloomberg news.