New Zealand’s Fonterra faces losses
date:Aug 13, 2019
$820-860 million (US$529-555 million). The moves are tough but necessary decisions which reflect todays realities, Hurrell notes.

Since September 2018 weve been re-evaluating all investments, major assets and partnerships to ensure they still meet the co-operatives needs. We are leaving no stone unturned in the work to turn our performance around. We have taken a hard look at our end-to-end business, including selling and reviewing the future of a number of assets that are no longer core to our
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