New Zealand’s dairy behemoth Fonterra Co-operative Group made it clear yesterday [Thursday] that it considers Australia to form an important part of its “home market”.
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CEO Craig Norgate told more than 300 dairy farmers at the Massey University annual dairy conference in Palmerston North that Fonterra recognises the need for a strong domestic market, something Fonterra’s predecessor, the New Zealand Dairy Board (NZDB), failed to do.
“A strong dairy industry needs a strong home market,” he told delegates: “…and New Zealand alone doesn’t provide the base needed.”
As a result, he said, Fonterra will make growth in Australia one of its top five priorities.
“We’re now considering how best to organise our assets in Australia,” he added.
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