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Food & Beverage

Why New Zealand's Fonterra is rethinking global ambitions

Worldwide expansion jarred with its roots as a local cooperative

SYDNEY -- It was only less than two years ago that Fonterra, New Zealand's biggest company, saw itself as a diary giant bestriding the world.

Now a series of losses and mishaps is prompting the world's top dairy exporter to reconsider and go back to its roots. After posting its biggest-ever net loss, the company that prides itself on being New Zealand's biggest exporter, is considering a retreat from its costly Chinese farms and dairy product operations in Brazil.

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