Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Construction is underway at Fonterra’s new UHT cream plant at Edendale, Southland following a groundbreaking ceremony recently.
Fonterra employees, community representatives, and local iwi celebrated the start of a project with cultural advisor Matu Coleman-Clark blessing the site and project team before the turning of the first sod.
The new UHT plant, which will meet growing demand across Asia is scheduled to begin production in August 2026, initially delivering over 50 million litres of UHT cream annually, with plans to more than double that capacity by 2030. Seventy new roles will be created along with those generated through the construction phase.
General manager operations, Lower South Island, Andrew Johns, shared his enthusiasm with the group at the event, saying that starting construction marks the first chapter in a long-planned project.
“It’s fantastic to see all the planning and hard mahi come together, and we’re eager to watch the build take shape in the coming months. The new plant is a big investment in our future here at Edendale, and we’re looking forward to seeing the positive impact on our community as a whole as construction progresses.”
Around $150 million dollars will be invested in the expansion which is part of the co-operative’s strategy to grow further value by expanding its Foodservice business in and beyond China and increasing production capacity for high-value products.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
The most outstanding CNH dealers from across Australia and New Zealand for the past year have been revealed, with two New Zealand dealerships amongst the major winners.
OPINION: The good news keeps getting better for NZ dairy farmers.
OPINION: With export of livestock by sea dead in the water, opponents of the Gene Technology Bill think they can…