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Fonterra undeterred by earnings hit as it pushes further into China
date:Mar 27, 2014
Fonterra, the world's largest dairy exporter, on Wednesday said a steep hit to its first-half earnings won't stop it from marketing more of its own-brand milk products in China and expand its food services business in the fast-growing market.

The New Zealand dairy co-operative on Wednesday reported a 41 percent fall in first-half earnings after higher input costs from soaring global dairy prices and a lack of capacity to process record-high milk volumes into higher-yielding products hit its mar

12/21 22:15