Fonterra’s exit from Australia ‘a major event’
Fonterra’s impending exit from the Australian dairy industry is a major event but the story doesn’t change too much for farmers.
Fonterra chairman John Monaghan says Fonterra is looking forward to working with the Coalition Government on the review of dairy industry regulations.
His comments come after a meeting in Wellington yesterday with Prime Minister Jacinda Ardern and senior ministers.
“We are looking forwards to working with the Government on the review undertaken by Minister O’Connor (Agriculture Minister Damien O’Connor),” he says.
Monaghan says apart from briefing Government on its annual results, they discussed other matters relating to the industry. He did not elaborate.
Monaghan was accompanied by new chief executive Miles Hurrell.
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Associate Agriculture Minister and Manawatu dairy farmer Andrew Hoggard says the free trade agreement (FTA) negotiated with India is not a bad deal and his party, Act, will support it when it goes before Parliament.
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A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.
As New Zealand marks the United Nations’ International Year of the Woman Farmer 2026 (IYWF 2026), industry leaders are challenging the misconception that women only support farming.
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