Fonterra Co-operative Group, the world's largest dairy
exporter, has set targets of becoming the No1 dairy player in
China and doubling its business in the country to $10 billion
within the next five years.
Fonterra has cut its forecast farmgate milk price for the
current season to $4.50 a kg of milk solids from $4.70
because of volatility in world markets caused by oversupply,
with much of it coming from New Zealand.