26-09-2012 09:29 AM
| Australia
Dairy giant faces fierce competition in Australia
Fonterra will cut costs by $60 million this year, including from its struggling Australian business.
The dairy giant's annual result, released today, says there was a 20% drop in earnings across its Australia/New Zealand business mainly reflects fierce competition across the Tasman for sales of branded consumer products such as yoghurt and cheese.
The dairy giant's annual result, released today, says there was a 20% drop in earnings across its Australia/New Zealand business mainly reflects fierce competition across the Tasman for sales of branded consumer products such as yoghurt and cheese.
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