fbpx
Print this page
Tuesday, 26 July 2022 10:55

Sri Lanka unrest limits Fonterra operations

Written by  Sudesh Kissun
Fonterra says it is operating in a limited capacity in the key Sri Lankan market. Fonterra says it is operating in a limited capacity in the key Sri Lankan market.

Fonterra is operating at a limited capacity in Sri Lanka as that country grapples with unrest and serious economic challenges.

The co-operative's chief executive officer for Asia-Pacific Judith Swales says the focus remains on the safety and wellbeing of its people and their families. "We are continuing operations, albeit at limited capacity, and doing our best to make food nutrition available.

"Even in difficult times, our Sri Lanka team continues to amaze and get new products to market.

"Just the other week they launched a new innovation - a tea blend 3 in 1 - as an accessible nutrition solution for our consumers and customers."

Fonterra employs around 600 people in Sri Lanka, a key consumer and foodservice market.

Fonterra has a manufacturing facility where it processes milk from Sri Lankan farmers, supplying dairy to Sri Lanka and surrounding countries.

Its brands are well recognise with Ratthis and Anchor the number one and two dairy brands in the country.

Sri Lanka descended into turmoil after its 22 million population couldn't access basic food items, fuel and medicines. People took to the streets, forcing the President to flee the country.

Swales believes that as a resilient nation Sri Lanka will come out of its challenges.

"In the meantime, we will continue our care for our people and their families and keep the business running so that nutritious dairy is available."

Historically it has been a good performing market for the co-op.

It is a dairy consuming nation, whether that be milk powders for tea and dessert or yoghurts and drinking milks.

More like this

Cynical politics

OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.

Why is butter so expensive in New Zealand? Fonterra explains

Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.

Featured

Why is butter so expensive in New Zealand? Fonterra explains

Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.

National

Machinery & Products

Fliegl offers effluent solutions

Founded in Germany as recently as 1977, today, the Fliegl Group employs more than 1100 workers, offering an expansive range…