Tuesday, 01 March 2022 15:40

Fonterra suspends butter exports to Russia

Written by  Sudesh Kissun
Fonterra has suspended trading of butter with Russia. Fonterra has suspended trading of butter with Russia.

Fonterra has suspended butter shipments to Russia as the country faces international condemnation for invading neighbouring Ukraine.

The co-operative exports a small amount of product to Russia, primarily butter, totaling about 1% of its annual exports.

Fonterra’s director global stakeholder affairs Simon Tucker says while food - including dairy - is generally exempt from international sanctions regimes and can be traded, it has suspended shipments of product to Russia while it continues to monitor developments.  

“Our people’s safety is our top priority,” Tucker says.

Fonterra has seven staff based in Moscow with Fonterra Russia and about 35 people based in Saint Petersburg with joint venture Unifood.

“Both entities continue to operate at this time, however we are keeping an eye on the situation and will take actions as required,” says Tucker.

“The businesses do not supply sanctioned individuals or entities, including Russian military or security forces.”

More like this

Featured

Case IH partners with Meet the Need

Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.

25 years on - where are they now?

To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.

Rockit Global appoints COO

Rockit Global has appointed Ivan Angland as its new chief operating officer as it continues its growth strategy into 2025.

National

Top ag scientist to advise PM

A highly experienced agricultural scientist with specialist knowledge of the dairy sector is the Prime Minister's new Chief Science Advisor.

Machinery & Products

Hose runner saves time and effort

Rakaia-based equipment manufacturer Pluck’s Engineering will soon start production of a new machine designed to simplify the deployment and retrieval…

» Latest Print Issues Online

Milking It

Science fiction

OPINION: Last week's announcement of Prime Minister’s new Science and Technology Advisory Council hasn’t gone down too well in the…

Bye bye Paris?

OPINION: At its recent annual general meeting, Federated Farmers’ Auckland province called for New Zealand to withdraw from the Paris…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter