Fonterra CFO Andrew Murray Resigns
Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take up a role outside the dairy giant.
The Sri Lankan Cabinet has approved the importation of 4,200 dairy cows to five private companies to increase the production of liquid milk in the country.
Sri Lanka's annual milk requirement is 722 million litres. However, the current milk production in the country is 422 million litres. Due to this, the country spends US$365 million on importing milk powder - and Fonterra is the major supplier.
The Sri Lankan Government says it also wants consumers to drink more liquid milk.
