Asian demand helps Fonterra hit new export record

- Last updated on GMT

Fonterra has cited strong Asian demand as the key reason for its dairy exports reaching a record high last month.

The New Zealand-based company said it exported 229,000 tonnes of dairy products in March.

Gary Romano, managing director of Fonterra Trade & Operations, said: “The real driver for the export record is the ongoing strong demand from China, South East Asia and the Middle East.

“In these regions, we are seeing the emergence of the middleclass with more discretionary income and a desire for more nutritious foods. Dairy fits the bill.”

Related topics: Business, All Asia, Industry growth, Dairy

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