Yili in Global Top 5 dairy companies
Yili, which operates Westland Dairy Company and Oceania Dairy, has consolidated its position among the top five dairy companies in the world.
Oceania Dairy has announced they will supply farmers with a guaranteed minimum milk payout of $4.50/kgMS for the 2015-16 season.
On the back of continued turbulence in global dairy markets, Oceania hopes their guarantee will help support struggling dairy farmers.
"With Fonterra reducing its forecast payout for the season to $3.85, we wanted to send an important signal of support and partnership to our supply farmers," says Roger Usmar, general manager, Oceania Dairy Limited.
"Backed by our owner, Yili, Oceania Dairy has looked at how we can practically support our suppliers at a difficult time for the sector.
A premium minimum guarantee will offer farmers some certainty to their cash flow and operational planning for the 2015-16 season, says Usmar.
"Our suppliers are the life-blood of our business so we are investing in them and their future with Oceania Dairy," he says.
Yili recently announced details of a further five-year, $400 million development project on the Glenavy site. The comprehensive project will add capacity to output a wide range of additional products from the Glenavy factory.
This will include a whole milk powder dryer, an infant formula canning line and facilities to manufacture UHT milk products and lactoferrin.
"By working in partnership with our suppliers now, we believe that we can all be better positioned to capitalise on the opportunities of the future."
A major milestone on New Zealand's unique journey to eradicate Mycoplasma bovis could come before the end of this year.
We're working through it, and we'll get to it.
The debate around New Zealand's future in the Paris Agreement is heating up.
A technical lab manager for Apata, Phoebe Scherer, has won the Bay of Plenty 2025 Young Grower regional title.
Following heavy rain which caused flooding in parts of Nelson-Tasman and sewerage overflows in Marlborough, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging homeowners and tenants to be cautious when cleaning up and to take the right steps to support claims.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
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.