Of the votes cast by 10am on June 8, it garnered only 63% of support among shareholders.
Voting is now underway at the special meeting. About 150 farmer shareholders are now voting.
It is highly unlikely to reach the 75% threshold.
VOTES cast before Fonterra's special meeting have fallen short of the 75% needed to ratify the changes.
Of the votes cast by 10am on June 8, it garnered only 63% of support among shareholders.
Voting is now underway at the special meeting. About 150 farmer shareholders are now voting.
It is highly unlikely to reach the 75% threshold.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
Farmer lobby group Federated Farmers has announced it is supporting a new Member’s Bill which it says could bring clarity to New Zealand farmers and save millions in legal costs.
DairyNZ has announced the date for its upcoming Milksolids Levy vote.
Federated Farmers says climate protest group Greenpeace is manufacturing outrage and attempting to scare New Zealanders with headlines that have no basis in science.
New Zealand Food Safety (NZFS) says it is supporting importer Goodfood Group in its decision to recall Food Snob and Mon Ami brand French Brie and Camembert cheeses.
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