Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra provided nearly 20 million packs of milk free to 145,000 primary school students last year as part of its Milk for Schools scheme, now in its fifth year.
At the 2012 launch, 119 schools joined and last year 1431 schools took part.
To mark the fifth year, former All Black captain Richie McCaw will fly special helicopter milk runs to schools.
He will visit four schools selected from online entries saying why he should visit. Where possible, he will fly in to deliver milk. Local farmers will also be part of the visit.
Primary schools can be nominated until March 19 on Fonterra.com. Updates can be followed on Fonterra’s Facebook page.
Fonterra general manager, community programmes, Chris Ward says Milk for Schools is still growing.
“Two things stand out about it for us: ensuring Kiwi kids get a daily dose of quality nutrition and the generosity of Fonterra and its farmers to make it happen.”
The programme is also said to help with a sustainability initiative in which the Tetrapak milk packs are recycled in Thailand into school books, roof tiles, etc. There is no such recycling machine in NZ.
Milk for Schools has been underlined by two university health studies showing health benefits to children, particularly improved bone and dental health.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
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