WELLINGTON, New Zealand--Fonterra Co-Operative Group Ltd.
(FCG.NZ) will be unable to import New Zealand cheese into the
United States in 2015 due to an error, but any financial impact
will be minimal, it said Monday.
"Due to human error, a deadline was missed which meant that
Fonterra (USA) failed to apply in time for licenses to import New
Zealand cheese into the USA in 2015," said Kelvin Wickham, Fonterra
Director Global Ingredients.
Mr. Wickham said, however, Fonterra has reached commercial
arrangements with other New Zealand cheese license holders to
ensure that it can meet its planned 2015 New Zealand cheese orders
in the United States.
As a result "the financial impact is limited and our 2015 sales
will not be impacted," he said.
Write to Rebecca Howard at rebecca.howard@wsj.com
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