Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
OPINION: Fonterra has quietly offloaded its 50% stake in Agrifeeds, a major importer of palm kernel expeller into New Zealand.
In an email to farmers, the co-operative revealed that it pocketed $27 million from the deal with JV partner Wilmar International.
Fonterra’s involvement in PKE importation has been on the receiving end of protests by environment lobbyists like Greenpeace, who claim PKE is a by-product of the palm oil industry, which is the leading cause of rainforest destruction in Indonesia.
Fonterra’s PR machine has been quiet on the sale and so has Greenpeace, who would be hoping that this could be the start of the end of PKE trading in NZ.
Fonterra hasn’t completely folded though and will still sell PKE through its Farm Source stores.
For the first time, all the big names in agricultural drone technology are being brought together under one marquee at the National Fieldays.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The Fieldays Innovation Awards competition has attracted a diverse and impressive array of innovations from across the primary industries, highlighting the growing importance of technology shaping the future of farming.
Coming to the fore following the carnage of Cyclone Gabrielle, Starlink became well known for providing internet access even in NZ's most inaccessible places.
From this winter farmers will have a greater choice of feed types and blend options than ever before, thanks to Farmlands' purchase of animal nutrition company SealesWinslow.
Newly appointed National Fieldays chief executive Richard Lindroos says his team is ready, excited and looking forward to delivering the four-day event next month.
OPINION: The Free Speech Union is taking this one too far.
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