date:Jul 03, 2014
announced later this week, the person said.
A Fonterra spokesman declined to comment.
Fonterra is keen to reduce its output of natural cheese, which has been less profitable due to record-high raw milk prices, but the world's largest dairy exporter needs large quantities of demineralised whey, a byproduct of cheese-making, for infant formula.
The deal with Dairy Crest would be the latest effort by Fonterra to look to other companies to source whey. It has another tie-up with Netherlands-based