China-Oz tensions are a concern for Fonterra

Fri, 04 Dec 2020

Dairy giant Fonterra said any escalation of trade and diplomatic tensions between China and Australia would be a concern.“We have a strong reliance on China, it is a very strong market for us,” said chief executive Miles Hurrell.“The geopolitical situation is obviously something we watch very closely, but that said, it’s not something we get our nose involved in directly, but we watch it certainly with interest,” he said.Australia’s tense relationship with China, which has imposed a number of barriers and tar...

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