Fonterra shareholders watch performance after sale
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
Fonterra finds itself at the centre of a row between two Sri Lankan cabinet ministers.
Its Deputy Minister of Industry and Commerce Buddhika Pathirana told Parliament two weeks ago that instead of 100% natural milk, the respective imports from New Zealand were suspected of containing mainly animal fat extracted from pigs and cattle, plus palm oil and lactose.
But the Deputy Director-General for Environmental Health, Occupational Health and Food Safety at Sri Lanka’s Health Ministry, Dr Lakshman Gamlath, said the claims were baseless.
Gamlath told a news conference in Colombo that a certificate issued by Minister of Primary Industries Damien O’Connor proved that milk ingredients are derived only from animals of New Zealand origin.
Health Minister Rajitha Senaratne also denied all allegations made against Fonterra by his colleague.
The co-op says it is aware of misinformation recently shared in Sri Lanka.
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's increasing contribution to the national economy.
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.
New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.
A new levying body, currently with the working title of NZWool, has been proposed to secure the future of New Zealand's strong wool sector.
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