Fonterra Expands China Foodservice Business with New Anchor Essence Cream
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
Energy company Contact is closing its 44-megawatt Te Rapa power station in June next year.
The Te Rapa plant, operating since 1999, is a gas-fuelled co-generation plant, providing steam and electricity to Fonterra's Te Rapa dairy factory, and directing surplus electricity back to the grid.
Contact says its contract to supply Fonterra with electricity expires in June 2023. Fonterra will acquire the plant's auxiliary boiler and will continue to use these assets for its dairy operations beyond June next year, but the gas turbine used to generate electricity at Te Rapa will be retired.
Contact says the decision to close the plant will reduce its long-term scope 1 and 2 carbon emissions by 20% per annum.
Contact chief executive Mike Fuge said it had been an unsettling time, but it was good to be able to provide the 16 staff at Te Rapa with more certainty.
"It is business as usual until June next year, and everybody in our team at Te Rapa will be looked after. After the power station closes, there will be some opportunities for people to move across Fonterra's Te Rapa team or be redeployed elsewhere within Contact."
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…
OPINION: The global crusade against fossil fuel is gaining momentum in some regions.