What Would Synlait Be Worth to Fonterra or a2 Milk?
Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.
Restrictions on marketing infant formula in Australia have been extended for another three years.
The Australian Competition and Consumer Commission (ACCC) has reauthorised the agreement that bans direct public marketing of infant formula.
In New Zealand, the Ministry of Health prohibits marketing of infant formula for babies under 6 months.
The ACCC says it has accepted the Marketing in Australia of Infant Formula: Manufacturers and Importers Agreement (MAIF) to stay until the July 31 2024, to maintain restrictions on the promotion of breastmilk substitutes.
ACCC deputy chair Delia Rickard said the ban has significant public health benefits through protecting the rate of breastfeeding.
"Without this agreement among infant formua manufacturers and importers there is a risk of an increase in the marketing of infant formula, both directly to consumers and indirectly through references to infants in the marketing of toddler milk," said Rickard.
The ACCC has ongoing concerns the marketing of toddler milk products undermines the effectiveness of the agreement. Issues with advertising complaints are also present because of timeliness and transparency for how they are handled under the agreement.
Federated Farmers has welcomed new rural policies released by ACT, saying they align closely with its own election priorities.
Rural Contractors NZ says proposed changes to land transport rules for agricultural vehicles are a welcome response by the Government to out of date regulations which have seen members hit with huge fines.
Alliance is calling for final applications for its 2027 Graduate Programme, with applications closing on Sunday 25 October.
Decades piloting planes has ensured vet and farmer David Hayes is focused on safety. So, after a serious accident while welding on farm, he is sharing his experience so others can learn from it.
Canterbury milk processor, Synlait Milk has confirmed Leon Fung as its chief executive officer.
OPINION: Making it easier to collect rainwater and use it to grow crops and livestock is a no brainer.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.