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...

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