Another Windfall for Fonterra Farmers, Unit Holders
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Fonterra has donated 76 pallets of cheese, yoghurt, and milk, equivalent to almost a million dairy servings for Auckland flood victims.
The New Zealand Food Network delivered some of this direct to the larger Auckland based food hubs and evacuation sites.
Network chief executive Gavin Findlay says with hundreds of Aucklanders displaced by the flooding, the donation of quality dairy products and will go a long way to ensuring many of those affected have access to good nutritious food.
“Once again, our great partners at Fonterra are helping us get food to where it’s needed most.”
“Fonterra’s quick response to this emergency shows their commitment to doing good together for the sake of our communities and reinforces the pride we have in having them on the NZFN team.
“We are getting the rest out to other charities (in and out of Auckland) that are supporting our flood impacted communities.
“Fonterra also went one step further by offering us volunteer support to help sort, pack and redistribute the other emergency donations coming through our Auckland warehouse.”
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State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
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