Fonterra eyes pilot farm in India

Fonterra has agreed to conduct a feasibility study for a pilot farm in India. Chief executive Andrew Ferrier signed a memorandum of understanding with Indian Farmers Fertiliser Cooperative joint managing director Rakesh Kapur and Global Dairy Health director Paresh Chaudhry to look at setting up a pilot dairy farm with a herd size of about 3,000 to 5,000 cows. In October Fonterra entered into an agreement to buy a long-term lease for its second farm in China, doubling its production of fresh milk in the world’s most populous nation and second-biggest economy.