Fonterra confirms timeline for Lactalis deal and $2-per-share capital return
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.
So, Finance Minister Nicola Willis' little game, implying that the co-op might be cranking the domestic price up, and that she was going to meet with CEO Miles Hurrell to discuss it, was pure political theatre - and cynical politics, at that.
This led to the ridiculous spectacle of TVNZ's lightweight 'political editor' trying to doorstop Hurrell on the 6 o'clock ews about why butter costs so much.
Everyone uses dairying as a whipping boy.
It's deeply disappointing to see Willis doing the same thing.
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.
For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not been too badly affected by recent storms across the upper North Island.
South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower South Island regional manager Jared Stockman.
Following a side-by-side rolling into a gully, Safer Farms has issued a new Safety Alert.
Coming in at a year-end total at 3088 units, a rise of around 10% over the 2806 total for 2024, the signs are that the New Zealand farm machinery industry is turning the corner after a difficult couple of years.
OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses…
OPINION: It's a case of a dairy company coming to the rescue of a failed plant-based dairy player.