Fonterra on track for divestment despite global market turmoil
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
Fonterra say the visit was an opportunity for Wilson to further strengthen the company's relationship with Thailand, where it is the number one supplier of dairy ingredients.
Wilson says Fonterra was honoured to host Shinawatra and provide her, and the Thai trade delegation with a deeper understanding of their business, and the New Zealand dairy industry.
"Thailand's overall dairy consumption is still relatively low at 20kg per person per year, compared to the world average of 110kg. However, with its increasingly affluent population we expect the demand for dairy products to grow, which makes it an important country for our growth in Asia," says Wilson.
The Thai trade delegation included Deputy Prime Minister and Minister of Foreign Affairs, Surapong Tovichakchaikul and 20 Thai agri companies.
