The $150m question: Fonterra watches Russia situation

The NZ government has condemned the Russian invasion of Ukraine. (Image: Getty)

Fri, 25 Feb 2022

Dairy giant Fonterra is keeping a close eye on sanctions against Russia, but says so far there is no impact on its exports to that nation. Russia is the country's 27th largest export market, accounting for more than $330 million in exports. Diary exports make up half of that.Kelvin Wickham, Fonterra’s chief executive officer for Africa, Middle East, Europe, North Asia and the Americas, said: “We obviously just keep monitoring the situation.”Late yesterday, prime minister Jacinda Ardern and foreign minister Nanaia Mahu...

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