Top dairy exporter Fonterra struggling amid global dairy glut
Prices for whole milk powder have dropped by half over the past 3 years as purchases by China dwindle
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
IN THE shadow of a snow-dusted volcano on New Zealand's North Island, a sprawling expanse of stainless steel vats, chimneys and giant warehouses stands as a totem of the tiny nation's dominance in the global dairy trade.
The Whareroa factory was until recently the largest of its kind, churning out enough milk powder, cheese and cream to fill more than three Olympic-sized swimming pools a week. The plant has helped make owner Fonterra Cooperative Group the world's top dairy exporter and its farmer-suppliers among the greatest beneficiaries of China's emerging thirst for milk.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
