Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
Fonterra's share price jumped on the news that the co-op will provide financial support to improve liquidity in its share trading platform - the Fonterra Shareholders Market.
After the co-op's share price plummeted to $2.29/share, compared to trading at $3.15 just three months ago, chairman Peter McBride wrote to farmer shareholders advising of the move.
Last week, Fonterra's share price reached $3.09/share, its highest level in over three months. Its share price has dipped since the co-op started consulting on its capital structure review and liquidity in the FSM has been low.
"We know there is concern about the decline in our share price over recent weeks and the impact this is having on your balance sheets," McBride told farmers in an email. "As set out in the capital structure consultation and voting documents last year, we will be putting in place additional arrangements to support liquidity in the FSM when we transition to the new Flexible Shareholding structure, including through arrangements with one or more market-makers.
"While those arrangements are still being worked on, Fonterra will on an interim basis be providing additional financial support to the current registered volume provider to more actively support liquidity in the FSM."
OPINION: Ministry for Primary Industries' situation outlook for primary industries report (SOPI) makes impressive reading.
Sheep and beef farmers Matt and Kristin Churchward say using artificial intelligence (AI) to spread fertiliser on their sprawling 630ha farm is a game changer for their business.
Commercial fruit and vegetable growers are being encouraged to cast their votes in the Horticulture New Zealand (HortNZ) board directors' election.
A unique discovery by a Palmerston North science company, Biolumic, looks set to revolutionise the value and potential of ryegrass and the secret is the application of ultraviolet (UV) light.
A New Zealand company is redefining the global collagen game by turning New Zealand sheepskin into a world-class health product.
With further extreme weather on the way, ANZ Bank is encouraging farmers and business owners impacted by the recent extreme weather and flooding to seek support if they need it.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.