Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
Fonterra is the major exporter of specialty cheeses from NZ. This goes to Australia, Japan and the Pacific Islands.
NZ Specialty Cheese Makers Association chair Catherine McNamara says while the EU has unlimited access to the NZ market, two-way trade is nigh impossible.
She says the cost of exporting chesse to the EU is prohibitive.
She says competing againsts subsidised European cheese together with the high cost of freight means that the price NZ would have to sell its produce for would be way above that of locally produced cheese.
McNamara, who is also the owner and managing director of award winning Grinning Gecko Cheese in Northland, says her big hope is that NZ consumers will support local cheesemakers as they try to deal with the challenges they now face.
Farmers appear to be backing the Government's recent Resource Management Act (RMA) reforms announcement.
For the first time, all the big names in agricultural drone technology are being brought together under one marquee at the National Fieldays.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The Fieldays Innovation Awards competition has attracted a diverse and impressive array of innovations from across the primary industries, highlighting the growing importance of technology shaping the future of farming.
Coming to the fore following the carnage of Cyclone Gabrielle, Starlink became well known for providing internet access even in NZ's most inaccessible places.
From this winter farmers will have a greater choice of feed types and blend options than ever before, thanks to Farmlands' purchase of animal nutrition company SealesWinslow.
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