Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Fonterra’s new $150 million cheese plant in Australia will help the co-op further capture the strong global demand for dairy, says chairman John Wilson.
“Australia is a global ingredients hub for Fonterra’s cheese, whey and nutritionals, complementing our consumer and foodservice businesses,” he says.
Wilson says the new Stanhope plant in Victoria will help meet the growing global demand for cheese that is being driven by a strengthening middle class in key markets.
“China alone is already a $4.6 billion market for protein, and is growing at four per cent per annum,” he says.
Victorian Minister for Regional Development, Jaala Pulford, joined Wilson, Fonterra leaders, local farmers and community members to officially open the new plant today.
The 18-month project saw over 7,500 tonnes of concrete poured, approximately 80 containers of equipment shipped, and over 330,000 man hours worked by more than 200 contractors to build the new cheese plant, which will be able to process up to 1.3 million litres of milk every day.
Fonterra Australia Managing Director René Dedoncker says the new plant will help to capture growing demand for cheese both domestically and across Asia, particularly in China and Japan.
“Fonterra is the leader in Australia’s $2 billion consumer cheese category, the market leader in foodservice, providing dairy solutions to chefs across Australia, and one of Australia’s top dairy ingredients exporters. The new Stanhope cheese plant helps us build on our market position, ensuring we have a sustainable business that delivers to everyone along the value chain.”
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
The most outstanding CNH dealers from across Australia and New Zealand for the past year have been revealed, with two New Zealand dealerships amongst the major winners.