The addition of three further milk processing plants to
Fonterra's Edendale factory - already the largest in the
world by volume - means Fonterra can make a wider range of
products and respond more quickly to demand, managing
director of global operations Robert Spurway says.
Softening demand for sheepmeat in China and Europe should be
prompting New Zealand to prioritise getting premium chilled
lamb cuts in China, and to also look further afield to new
Middle Eastern markets.
New Zealand ''average'' sheep and beef farmers are in for a
profit lift and Beef and Lamb chief economist Andrew Burtt
calls it positive news at a time when the economy would
benefit from increased farm sector spending.