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: With current dairy returns so tight, Fonterra farmers may start to question the wisdom of some of the co-op's more charitable ventures.
The co-op has been supplying free milk to NZ schools for a while now. Its Aussie arm is now also making regular donations of Fonterra's Duck River Butter to 19 schools across northern Tasmania, an initiative aimed to "reduce the impact of disadvantage when breakfast is missed".
A worthy aim, no doubt about it, which is why questioning such initiatives can seem mean, and is usually avoided. But it is worth asking: When on-farm returns just aren't there, can the co-op really afford to keep doing this? As they say, charity starts at home.
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.