Things are looking up for Fonterra's Chile investment

Things are looking up for Fonterra's Chile investment
Cows grazing in Chile
Rebecca Howard
Fonterra's Prolesur is leading the charge in the dramatic recovery in Chilean milk production as the company reaps the benefits of rebuilding relationships with farmers.The Latin American nation's liquid milk collection reached 1.3 billion litres in the first eight months of the year, up 6.3 percent from a year earlier, or 79 million litres. More than half of that increase went to Prolesur. This compares to the 12.8 billion litre collection in New Zealand in the first eight months of the year. “Prolesur has been working over...

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