Fonterra doesn't expect to grow export share to China

Fonterra CEO Miles Hurrell (Image: Fonterra)

Tue, 02 Aug 2022

Fonterra chief executive Miles Hurrell told the China Business Summit in Auckland that he doesn’t expect Fonterra’s export share to China to grow.“I wouldn’t see our Chinese supply, our supply in China, increasing, but I don’t see it falling away anytime soon either”, said Hurrell.China currently takes about a third of Fonterra’s exports. “I think we’re in a situation where we see stable milk or even declining milk in the NZ context and the global market continuing to grow.”That s...

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