As per the media reports, New Zealand's Fonterra Co-operative Group has acquired No.1 rank of milk processor in the world.

Fonterra's total annual volume of milk processed was placed ahead of Dairy Farmers of America, Nestle, Dean Foods and FrieslandCampina by the Global industry research group, International Farm Comparison Network (IFCN), which benchmarked 600 milk processors in over 70 countries. 

A delighted Fonterra CEO, Andrew Ferrier, confirmed that ranking illustrated the global reach and scale of the company's business, with its New Zealand milk supply and manufacturing operations at the core.

He continued, "With 80 per cent of our milk supply coming from our 10,500 New Zealand farmer-shareholders and processed into over 2 million tonnes of export product every year, our local operations, which employ about 10,000 of our staff, are the cornerstone of our global business."
 
If adhered to Mr. Ferrier then, 20 per cent of Fonterra's milk was sourced globally, with the volume growing as the company extended its dairy ingredients supply partnerships with customers around the world.

He said that developing strong global partnerships with their customers also depends on their ability to provide year-round security of supply.