Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
Fonterra Shareholders Council chairman Duncan Coull says today’s arbitration decision on the claims made by Danone has made this a tough day for the co-op.
Coul says it is farmer owners who will ultimately bear the cost, a fact he says is not lost on the Fonterra business.
He says Fonterra has made significant strides since the 2013 incident in terms of strengthening its operational processes, culture, and governance – as per the independent review process recommendations – and embedding them into our co-op’s functions and framework.
“Council is confident this has been done to a high standard and that our co-op is well placed in its journey to become the world’s most trusted source of dairy nutrition.”
The council was also confident the co-op acted with integrity when it issued the precautionary recall.
“Do What’s Right is one of our four values and in continuing to put safety ahead of all else we will build on the trust people throughout the world have in us.
“As tough as this outcome is, the lessons learned have enabled our co-op to emerge stronger and we now need to move forward together - proud of who we are, what we have achieved, and of our commitment to our values.”
Irish meat processor Dawn Meats is set to acquire a 70% stake in Alliance Group, according to a report in The Irish Times.
New Zealand's red meat sector says the United States' decision to increase tariffs on New Zealand exports is disappointing.
Waikato-Bay of Plenty farmer Hugh Jackson recently secured this year’s FMG Young Farmer of the Year title in Invercargill.
From nitrogen limits to ecosystem restoration –farmers and catchment groups are leading a new wave of environmental care, says DairyNZ.
OPINION: The Government's decision to stop local authorities going ahead with reviews of district and regional plans makes sense for several reasons.
With June ending and following the most upbeat National Fieldays for several years, tractor dealers are reporting a lift in sales.
OPINION: Will synthetic milk derail NZ's economy?
OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a…