Fonterra eyes either sale or IPO of consumer business
Fonterra has updated its plan to divest its global consumer business and integrated businesses, Fonterra Oceania and Fonterra Sri Lanka.
OPINION: It seems Fonterra has quietly conceded a labelling faux pas on its iconic butter brand.
Greenpeace claims that new legal documents from Fonterra Brands reveal that the dairy giant has removed labels from its Anchor butter packaging which the environment lobby says falsely claimed that Fonterra dairy cows are ‘100% New Zealand grass-fed’.
In late September 2024, Greenpeace announced that it was suing Fonterra for ‘false’ claims on the dairy giant’s Anchor Butter packaging, which claimed to be ‘100% New Zealand grass-fed’. The lawsuit was met with vehement denial from the dairy giant, even though its own grassfed standard, available online, allows for up to 20% of a cow’s diet by dry matter volume to be palm kernel.
However, Fonterra Brands’ statement of defence has revealed that since the lawsuit was announced, it has removed the contested logo from the butter packaging, in a move Greenpeace says is an admission of guilt. The logo now reads ‘grass-fed’, it claims.
Maori farms from Northland and Northern Hawkes Bay are the finalists in this year’s prestigious Ahuwhenua Trophy competition for the top Maori sheep and beef farm.
The supreme dairy exhibit at the New Zealand Dairy Event (NZDE) has a close family link to a cow who has won the same title three times.
Fonterra has updated its plan to divest its global consumer business and integrated businesses, Fonterra Oceania and Fonterra Sri Lanka.
Fonterra has announced new financial incentives for farmers who achieve on-farm emissions targets.
OPINION: The farming sector, or at least some parts of it, are preparing for a battle with the Government over its latest international climate change target.
Underground festival is an event for farmers and growers which celebrates the land through great food and inspiring conversations, says event organiser Fran Bailey.
OPINION: Australian dairy is bracing for the retirement of an iconic dairy brand.
OPINION: Another sign that the plant-based dairy fallacy is unravelling and that nothing beats dairy-based products.