New Zealand’s Fonterra to sell China dairy farms for $368 mln to focus on home markets

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New Zealand’s Fonterra to sell China dairy farms for $368 mln to focus on home markets

Posted by The Analyst | October 5, 2020 | Farming

New Zealand’s Fonterra said on Monday it has agreed to sell its farms in China for a total of NZ$555 million ($367.97 million) as the dairy producer continues to focus on the domestic market and reduce debt.

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