Back to Business

The New Zealand dairy co-operative of 1,5 farmers, Fonterra, which controls about a third of all internationally traded dairy products, has resumed its operations in Egypt in the wake of political unrest there. “We had a bit of backlog at Egyptian ports but we have nearly cleared this and are back to business as usual,” Tim Deane, Fonterra’s director of global sales, told Dow Jones Newswires. “Our four staff have returned to work although we continue to monitor the situation very closely.” New Zealand’s exports to Egypt in the year to December were $239.9 million, according to Statistics New Zealand. The bulk of those exports were in dairy products.


Tags: Egypt  Fonterra  Nasdaq  

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