Fonterra seeks strong farmer mandate for sale
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
OPINION: Sticking with the NZ Primary Industries Summit, Fonterra chief executive Miles Hurrell’s quip about the milk price has been doing the rounds on Twitter.
Hurrell told the gathering that: “When I put the milk price up, I can count on one hand the number of emails I get. If I put it down, though, I could spend all day scrolling through the valuable farmer feedback I receive”.
One farmer replied that “all feedback was valuable”.
“So, why doesn’t he just keep outing it up,” quipped another.
“Santa only comes once,” said another.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
Farmer lobby group Federated Farmers has announced it is supporting a new Member’s Bill which it says could bring clarity to New Zealand farmers and save millions in legal costs.