Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
It seems Fonterra has been caught flat-footed over the supply of milk powder for calves.
Calf rearers are reporting a shortage of the co-op’s Ancalf powder; the co-op is reporting unusually high calf numbers this season -- nearly double those of last year. The problem, it seems, is higher numbers of beef calves being reared -- better than milking calves because of the lower milk payout. The shortage is expected to persist for a few weeks, prompting suggested alternatives such as Brown Bag product, early weaning and shifting calves onto meal.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.