UPDATE: Fonterra confirms 'heightened focus' on China farms

Thu, 06 Dec 2018

(Recasts lede, updates to add comment from CEO, CFO beginning in paragraph 5. Updates unit price) By Rebecca Howard Dec. 6 (BusinessDesk) - Fonterra Cooperative group is making headway into its strategic review, confirming it will take back full ownership of the Darnum plant by the end of the year, saying ownership of Tip Top is under the microscope and that its under-performing Chinese farms are a source of "heightened focus". The dairy giant said it is considering a range of options for the ice cream business, which needs a level of...

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