Topic - Fonterra

Fonterra Co-operative Group Limited is a New Zealand multinational dairy co-operative owned by 10,600 New Zealand farmers. and, with revenue exceeding NZ$19.87 billion, is New Zealand's largest company. - Source: Wikipedia

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FILE - In this Sept. 12, 2018, file photo, Fonterra milk tankers pass each other outside the Darfield factory near Christchurch, New Zealand. New Zealand's largest company Fonterra once had grand ambitions to dominate the world's dairy markets, but after suffering stinging losses to the value of its businesses abroad has scaled back its vision. Fonterra on Thursday, Sept. 26, 2019, announced its worst-ever annual result as it wrote down the value of its assets by hundreds of millions of dollars and promised to stay more focused on its roots on New Zealand dairy farms. (AP Photo/Mark Baker, File)

New Zealand dairy giant Fonterra retrenches after big losses

By NICK PERRY - Associated Press

FILE - This Dec. 11, 2013 file photo shows a Fonterra milk powder factory at Pahiatua, New Zealand. An arbitration tribunal has ordered New Zealand dairy giant Fonterra to pay Danone of France US$125 million for recall costs stemming from a 2013 food scare. (Steve Carle/New Zealand Herald via AP, File)

New Zealand dairy giant Fonterra to pay Danone for recall

Associated Press

Fonterra pleads guilty to food-safety violations

By NICK PERRY - Associated Press