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Not a good look for Fonterra as media report on a junket by 200 European staff to a California resort town.
Add to that 100 Chinese staff, media and customers spending a week at a five-star resort to celebrate Anchor’s success. For farmer shareholders reeling from the co-op’s $196m loss the timing couldn’t have been worse. Who approved these junkets? Was it the former chief executive who this month sailed into sunset with last year’s $8m pay cheque?
Farmer-led charity, Meat the Need is calling for donations to enable it to supply more meals to families in need.
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
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.
Horticulture NZ chief executive Nadine Tunley will step down in August.
