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.
OPINION: One of Fonterra's key markets could soon become self-sufficient in milk.
Malaysia aims to become fully self-sufficient by 2025.
Currently, less than half of the country's annual consumption of milk is produced locally, while the rest is imported.
Malaysians consume about 80 million litres of milk each year, with the rate averaging an 8% growth since 2010.
The country needs at least another 30,000 cows to meet growing demand, as children are encouraged to drink fresh milk in schools.
Fonterra began operating in Malaysia in 1975 and brands such as Anlene, Anmum and Fernleaf are household names.
It also has a manufacturing facility in Kuala Lumpur.
China’s Ambassador Wang Xiaolong says bilateral economic and trade cooperation between China and New Zealand has made significant and rapid progress.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
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.