Fonterra's record forecast organic milk price
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.
Fonterra is actively undertaking a dual-track process, pursuing both a trade sale and initial public offering (IPO) as potential divestment options.
Fonterra chair Peter McBride says Anne's extensive experience in both executive and board roles across a range of sectors will be valuable to the Mainland Group board.
"Anne's career spans the banking and financial services, consumer goods and energy sectors. She has spent 25 years as a banking executive in global roles, and her governance roles include nine years with the CBA Group, including six as chair of the Group Audit Committee, two years as chair of Blackmores Group, and seven years on the board of Worley Limited, including five years as chair of the Audit and Risk Committee," says McBride.
This appointment follows the co-op's announcement in March that Elizabeth (Liz) Coutts ONZM has been elected as chair-elect for the Mainland Group board.
Fonterra says it also continues to progress the trade sale process, including engaging with potential purchasers of the Consumer and associated business.
The co-op says that it is now at the stage where some potential purchasers may pre-emptively seek regulatory approvals, which is a standard step ahead of any deal being agreed.
Fieldays 2025 opens this week with organisers saying the theme, 'Your Place', highlights the impact the event has on agriculture both in the Southern Hemisphere and across the globe.
Sam Carter, assistant manager for T&G's Pakowhai Sector, has been named the Hawke's Bay 2025 Young Grower of the Year.
The CEO of Apples and Pears NZ, Karen Morrish, says the strategic focus of her organisation is to improve grower returns.
A significant breakthrough in understanding facial eczema (FE) in livestock brings New Zealand closer to reducing the disease’s devastating impact on farmers, animals, and rural communities.
Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.
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