#Fonterra races to meet dairy demand

FONTERRA will fast-track up to $NZ500 million ($467m) worth of projects aimed at boosting production of higher-margin dairy products, after conceding that demand from emerging markets was growing faster than expected.

#Fonterra changes senior management

FONTERRA Co-operative Group has named Lukas Paravicini as chief financial officer, replacing Jonathan Mason who retires at the end of September.