Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra chief executive Theo Spierings says he believes in the co-op, its strategy and future.
He says Fonterra's strategy is working.
He was commenting on media reports that he will be quitting the high profile job.
Spierings says he landed from a trip to China to read media reports about his future with the co-op.
He says it took him 10 days to reassure key customers and partners worldwide that he was not quitting.
Fonterra chairman John Wilson described the media report as "rubbish".
"It's just appalling that as we have a vote underway such report surfaces," he said at the special agm on governance.
Wilson says as soon he found out about the report, he sent an email out to farmers rubbishing the report.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.
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