Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Fonterra has looked outside its business for a new head of its NZ brands division.
The co-op has appointed managing director of Griffin’s Food Company Brett Henshaw as managing director, Fonterra Brands, New Zealand (FBNZ).
He will take up his role with Fonterra in the first week of December.
Henshaw replaces Leon Clement, who resigned to take up the chief executive’s role at rival Synlait in June. Clement had taken over from Tim Deane, who resigned three years ago after a long career in Fonterra to become managing director of another rival Goodman Fielder NZ.
Fonterra chief operating officer, global consumer & foodservice, Lukas Paravicini, says the co-op is excited about Henshaw joining the team.
“He has an extensive 30-year career in FMCG and we are pleased he is coming on board.
“Along with his time in New Zealand, Brett has also worked in Sydney, Singapore, New York and the UK, and he has a deep understanding of consumers, their needs and how to deliver on those needs.”
“Brett has a strong commercial and strategic focus as well as end-to-end experience across the supply chain, including manufacturing and operations. He is also recognised for the emphasis he places on people – a culture of mentoring, development, teamwork and open communication is important to him,” says Paravicini.
Henshaw is looking forward to taking up this key leadership role in Fonterra Brands and working with the broader Fonterra team, and customers.
“As a Kiwi, who has worked overseas for many years prior to joining Griffin’s, I am delighted to have the opportunity to work with the Fonterra Brands team on some of New Zealand’s most loved brands.”
Henshaw has previously held brand positions with Unilever, and a number of senior marketing roles with Colgate-Palmolive worldwide. This included regional general management roles in Australasia and in Asia, where he was responsible for eleven countries. He was appointed chief marketing officer for The Griffin’s Food Company in 2015, and became managing director in 2016.
One young couple is proving farm ownership is still within reach for young Kiwis.
Greenlea Premier Meats managing director Anthony (Tony) Egan says receiving the officer of the New Zealand Order of Merit (ONZM) honour has been humbling.
Waikato dairy farmer Neil Bateup, made a companion of the New Zealand Order of Merit (CNZM) in the New Year 2026 Honours list, says he’s grateful for the award.
Another Australian state has given the green light to virtual fencing, opening another market for Kiwi company Halter.
Farmer interest continues to grow as a Massey University research project to determine the benefits or otherwise of the self-shedding Wiltshire sheep is underway. The project is five years in and has two more years to go. It was done mainly in the light of low wool prices and the cost of shearing. Peter Burke recently went along to the annual field day held Massey's Riverside farm in the Wairarapa.
Applications are now open for the 2026 NZI Rural Women Business Awards, set to be held at Parliament on 23 July.
President Donald Trump’s decision to impose tariffs on imports into the US is doing good things for global trade, according…
Seen a giant cheese roll rolling along Southland’s roads?