M.I.A.
OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.
The coronavirus outbreak contributed to Synlait’s decision to issue a wider earnings guidance range.
The Canterbury-based milk processor now expects a net profit after tax (NPAT) of between $70 million and $85 million, compared with $82.2 million for 2019.
The company says the outbreak has had no material short-term impact on its financial performance, but it represents some risk going forward so was considered as part of the broader outlook update.
The company says it takes the health and wellbeing of its employees and its food safety responsibilities very seriously.
“The spread of Coronavirus and the risk it poses to Synlait’s business is being carefully monitored. Globally there is uncertainty about Coronavirus’ impact on supply chains and consumer demand.”
Synlait chief executive Leon Clement said Synlait is an export-based business with a reputation built and maintained on putting people, food safety and quality at its heart.
“This will continue to inform our response to this situation. We are not currently experiencing any supply chain disruption; however, we are monitoring the situation very closely and felt it prudent to front foot potential impacts.”
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
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