Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
A one litre cream product sold to kitchens, restaurants and bakeries all through Asia and China is a real growth market, says Fonterra's operations manager Canpac, Russell Muir.
The product is processed and packaged at Fonterra's 2-year-old UHT plant at Waitoa.
"Technical experts tell us the cream in these one litre containers is the best cream in the world in terms of quality. That is a real selling point for us in that market," says Muir.
One litre milks and creams produced at Waitoa are also sold for home use in China and Asia. Some product is in gift pack form sold in China and based around the quality of New Zealand milk, he says. The gift pack is a big seller at certain times of the year like Chinese New Year.
Waitoa also produces a range of single use products that are going into the same market in different varieties. There's standard, flavoured and high protein milks. Most of the single serve products are aimed at children. The plant also produces the standard single serve milk for New Zealand's Milk for Schools programmes which provide milk daily for school children.
Waitoa has five production lines in the plant running up to three at any one time.
Farmers appear to be backing the Government's recent Resource Management Act (RMA) reforms announcement.
For the first time, all the big names in agricultural drone technology are being brought together under one marquee at the National Fieldays.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The Fieldays Innovation Awards competition has attracted a diverse and impressive array of innovations from across the primary industries, highlighting the growing importance of technology shaping the future of farming.
Coming to the fore following the carnage of Cyclone Gabrielle, Starlink became well known for providing internet access even in NZ's most inaccessible places.
From this winter farmers will have a greater choice of feed types and blend options than ever before, thanks to Farmlands' purchase of animal nutrition company SealesWinslow.
OPINION: The Free Speech Union is taking this one too far.
OPINION: New national data from The Drug Detection Agency (TDDA), a leading workplace drug tester, shows methamphetamine (meth) use is…