Primary Sector

Fonterra doesn't expect to grow export share to China

Rebecca Howard & Oli Lewis
Tue, 02 Aug 2022

Fonterra doesn't expect to grow export share to China
Fonterra CEO Miles Hurrell (Image: Fonterra)
Rebecca Howard & Oli Lewis
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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