Sanlu bankrupt - farming - national | Stuff.co.nz

10,724 farmers

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Fonterra has written down the investment in Sanlu by $139m. It holds a 43 percent stake.

It was expected to write off the remaining $62m in book value.

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Fonterra last season made $9.3 billion for its farmers – the equivalent of an average $867,213 for each of them – after soaring commodity markets pushed the payout up to $7.90/kg.

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Sanlu faced compensation claims totalling 700m yuan

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Fonterra is the world's largest dairy exporter, with annual revenues of about $17b

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