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 says it is committed to being transparent with farmer shareholders on its Beingmate investment.
The co-op says as an investor in Beingmate, it only has access to publicly available information on the Chinese company’s performance.
“When we have a meaningful update on Beingmate’s direction, farmers will be the first to know,” a Fonterra spokesman told Rural News.
Asked if Fonterra was rethinking its investment in Beingmate, the spokesman said the strategic rationale for partnership with a leading local infant formula brand still stands.
“But we are disappointed the company hasn’t maximised the opportunity created by the new registration rules.”
Fonterra points out that its partnership with Beingmate has enabled Anmum to expand from 60 to 184 cities; Anmum infant formula is now in at least 10,000 stores in China, on all the major e-commerce platforms, and is one of the top performers in Beingmate’s product range.
“It’s important to understand that the 80,000 retail stores was a reference to Beingmate’s footprint in China; however, as Anmum is a premium brand Beingmate has made the decision to focus on 10,000 stores to reach the right target consumers.”
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.