Fonterra supplying Sri Lanka on extended credit line

The dairy giant said its priority is the safety of its people during ongoing protests. (Image: Getty)

Wed, 13 Apr 2022

Dairy giant Fonterra says its main priority is the safety of its people as Sri Lanka grapples with its worst economic crisis in 70 years.Sri Lankans have taken to the streets to protest food shortages, soaring prices and power cuts. The government meanwhile defaulted on its debt overnight, much of it owed to China. “It is a very challenging environment right now in Sri Lanka. Our number one priority is the safety of our people and their families, and we are doing what we can to support them in different ways,” Fonterra's ch...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Opinion

Eden Bradfield: Stewart’s Comvita bid ain’t that sweet

Honey firm’s takeover bid is hard to swallow.

Eden Bradfield 5:00am

On the Money

On the Money: Jason Walbridge, Julian Cook, Te Arikinui, and more

Dileepa Fonseka 5:00am

Opinion

Simon Robertson: Gamification – it’s coming for you

How smart companies game your life to make money.

Simon Robertson 5:00am

Sponsored

Move-in ready offices: How business are rethinking workspace

Businesses want agility – and office space is evolving fast

Sponsored by Precinct Properties

Sponsored

NZ risks losing edge as Australia takes lead in cleaner jet fuel

Experts warn SAF delay could cost jobs and growth.

Z Energy

More Primary Sector

Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025

Primary Sector

AgriZeroNZ invests $1.7m in Australian cattle IVF platform

AgriZeroNZ has invested A$1.5 million (NZ$1.7m) into Queensland biotech company Nbyro, which aims for faster breeding of more emissions-efficient livestock.The public-private joint venture was the co-leader in a wider funding round for Nbyro. The stake is AgriZeroNZ’s 10th equity...

Staff reporters 31 Oct 2025