27 Jan 2011

Right price essential for Fonterra

7:11 am on 27 January 2011

Fonterra says it's not ruling out acquiring more assets this year, but only if they are at the right price.

Chief executive Andrew Ferrier says the strong New Zealand dollar and weaker offshore economies could provide an opportunity for new investments.

"We're always looking for the right purchase and the market right now does provide some prospects," he said.

"We've always been cautious, but there could be opportunities."