what does fonterra do
Fonterra Co-operative Group Limited /ËfÉnËtÉrÉ/ is a New Zealand multinational dairy co-operative owned by around 13,000 New Zealand farmers.The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ$ 19.87 billion, is New Zealand's largest company.onterra first became aware of problems on 2 August 2008, when the Sanlu board, which had three Fonterra directors, was advised there was a problem with the contamination of infant formula. A trade recall began shortly after Fonterra was first notified.