Fonterra winds down India joint venture

Fonterra winds down India joint venture
Fonterra entered the joint venture in 2018. (Image: Getty)
Rebecca Howard
Dairy co-operative Fonterra and India’s Future Consumer agreed to wind down a small joint venture in India after significant challenges caused by covid-19.The co-op entered the joint venture as a “capital-light way to test the Indian market, which has a large dairy consuming population but restrictive trade access for New Zealand dairy”, said Judith Swales, Fonterra chief executive for Asia-Pacific. The co-op invested just under $3 million per year over four years. Total turnover in FY21 was $2.6m.However, the last few ye...

More Primary Sector

Co-ops last five times longer than limited liability companies - report
Primary Sector

Co-ops last five times longer than limited liability companies - report

Top 30 co-ops and mutuals made $51.9b revenue in 2024, 12.5% of GDP.

Riley Kennedy 19 Sep 2025
Without Dawn Meats, Alliance faces 'real’ threat of collapse
Primary Sector

Without Dawn Meats, Alliance faces 'real’ threat of collapse

The fate of the deal will come down to a shareholder vote next month.

Riley Kennedy 19 Sep 2025
MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025