Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra has developed a new white butter product to meet growing demand from manufacturers in the Middle East.
Although Fonterra’s butter is known by Middle East consumers for its golden appearance, because of grass fed cows, a niche group of manufacturers prefer white butter as a processing ingredient for their food products.
These Middle Eastern food manufacturers have traditionally used butter from grain fed cows, a product with a pale colour.
Fonterra’s dairy foods category director of NZMP, Casey Thomas, says Fonterra developed the white butter by a process that reduces its golden appearance without affecting its quality.
“We saw an opportunity to tap into this new area for customers to use it in applications such as spreadable jar cheese, recombined cream cheese, and it could soon be used in ice cream.” NZMP general manager of Middle East and Africa, Santiago Aon said, “This is already seeing strong results. Our customers have had positive feedback about the white butter; it is performing to our expectations.”
With the co-op’s R&D centre, NZMP is behind the new product; both have a history of partnering with customers to create business solutions with them.
The product is now available in Saudi Arabia, Iran, Bahrain, Turkey and Pakistan. It may be launched in Egypt, Algeria, Morocco and South America.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).
Angus Barr and Tara Dwyer of The Wandle, Lone Star Farms in Strath Taieri have been named the Regional Supreme Winners at the Otago Ballance Farm Environment Awards in Dunedin.
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