Fonterra to up milk production with 2nd Chinese farm hub

09/10/2013 | Bloomberg

New Zealand-based Fonterra Cooperative Group plans to raise supply to meet demand by doubling its milk production in China to 300 million liters annually, the company announced Tuesday. Fonterra said it plans to build a second farm hub in the northern Shanxi province and increase milk production in the country to 1 billion liters by 2020.

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