Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra has welcomed the formal approval by the shareholders of Beingmate Baby and Child Food Company Ltd to establish a joint venture to purchase the cooperative's Darnum plant in Australia.
The Beingmate board's formal approval (previously announced on October 29, 2015) was approved by the Beingmate shareholders in China on November 16.
The joint venture will manufacture nutritional powders, including infant formula and other nutritional milk powders, at Darnum in Australia, for Fonterra and Beingmate, and other customers.
Beingmate will own 51% of the JV and Fonterra will retain a 49% stake, and run the plant operation.
Last August, Fonterra and Beingmate announced that they intended to form a global partnership to help meet China's growing demand for infant formula. In March this year Fonterra acquired 18.8% of Beingmate.
The partnership will create a fully integrated global supply chain from the farm gate direct to China's consumers, using Fonterra's milk pools and manufacturing sites in New Zealand, Australia, and Europe.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.