Pallet maker retains Fonterra contract
Timpack, one of New Zealand's largest wooden pallet and bin manufacturers, has been rewarded an exclusive contract to supply Fonterra.
Fonterra will focus on three areas to achieve its 2030 ambitions.
Medical & Lifestyle protein-based beverages - lifestyle beverages has a market size of US$9.2b, growing at 6.4% per year.
"We have well established internal capability in this space, differentiated solutions through out advanced proteins, and an existing global customer network," Komal Mistry-Mehta says.
Probiotics in Asia - the Asian probiotics market is valued at US$1.54b and growing at 11.6% per year.
Mistry-Mehta says two of Fonterra's probiotics 'superstrains' are currently highly regarded in market because of the depth of human clinical research backing their effectiveness.
"Mental wellbeing is the top and fastest growing consumer concern globally. We know our lipids, probiotics and proteins have a role to play in improving mental wellness.
"It is an exciting time for the food industry as investment in health, data and technology are rising and we are excited to be part of this journey to provide better nutritional solutions to customers and consumers around the world."
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
Beef + Lamb New Zealand (B+LNZ) is calling on livestock farmers to take part in a survey measuring the financial impact of facial eczema (FE).
Soon farmers and working dog breeders will be able to have a dog that best suits their needs thanks to a team of researchers at Massey University.
OPINION: President Donald Trump's bizarre hard line approach to the world of what was once 'rules-based trade' has got New Zealand government officials, politicians and exporters on tenterhooks.
With wool prices steadily declining and shearing costs on the rise, a Waikato couple began looking for a solution for wool from their 80ha farm.
The Horticulture New Zealand (HortNZ) team is looking forward to connecting with growers at the upcoming South Island Agricultural Field Days, says HortNZ chief executive Kate Scott.
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