Fonterra has unveiled its revised strategy, which aims to prioritise its high-performing ingredients and foodservice businesses.
The decision to explore divestment options for its global consumer businesses was made after a strategic review.
The co-operative's chairman, Peter McBride, said the new strategy would create a pathway for greater value creation and allow for enhanced financial targets and policy settings.
Fonterra's chief executive, Miles Hurrell, said the focus on New Zealand milk, sustainability, and dairy innovation and science would remain unchanged.
However, the co-operative would streamline its operations to concentrate on the ingredients and foodservice sectors.
Fonterra has set a target average return on capital of 10-12% and a new dividend policy of 60-80% of earnings.
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