Fonterra leads the way

Fonterra is the world’s top processor of milk, according to a new study.

The report claims that the company, which is co-operatively owned by 11,000 New Zealand dairy farmers, is ahead of other global giants like Nestle, Dairy Farmers of America, Danone and Kraft. The company is processing 2.7% of the world’s milk while the next biggest player, Dairy Farmers of America, is processing 2.3%, according to a study by global industry research group International Farm Compensation Network (IFCN).
More than 600 milk processors from over 70 countries were benchmarked in the study.
Fonterra’s result puts it ahead of big global players in terms of volume of milk processed in 2007.
About 80% of Fonterra’s milk comes from 10,500 New Zealand suppliers.
The company’s chief executive Andrew Ferrier said the study results reflected the global reach and scale of Fonterra’s operations. Fonterra employ about 10,000 staff.
“We may be processing more milk than anyone else, but at 2.7% we still only account for a fraction of the total world milk market,

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