Fonterra is a New Zealand-based dairy cooperative that was established in 2001. It is one of the largest exporters of dairy products in the world, processing milk from thousands of farmers across New Zealand. The cooperative focuses on producing a variety of dairy goods, including milk powder, cheese, and butter, which are sold in international markets. Fonterra operates with a unique model where farmer shareholders own the company, allowing them to share in the profits. The cooperative emphasizes sustainability and innovation in its practices, aiming to enhance the quality of its products while minimizing environmental impact.