date:Apr 16, 2013
Fonterra is renewing contracts for some of its organic dairy farmers in the middle and lower North Island of New Zealand, following what it describes as a turnaround in its niche organics business.
Managing director Fonterra Nutrition, Sarah Kennedy, said the Co-operative has worked hard over the past 18 months to return its organics business to profitability.
18 months ago we were losing money so we restructured the business to focus on markets in Asia, while also reducing our costs to ensur