Fonterra seeks strong farmer mandate for sale
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
OPINION: When Fonterra announced its Scope 3 emissions target this month, you might have thought that would please Greenpeace.
But it seems whatever dairy farmers do, it won’t be enough for the lobby. Greenpeace rubbished Fonterra’s plan and again called for fewer cows and less fertiliser use.
So, Feds president Wayne Langford has rightly put the boot into Greenpeace. Nothing Fonterra could have announced would have been good enough for Greenpeace because they’re anti-farmer and anti-science, he says.
“They’re totally fixated on an impractical plan to halve the herd and to ban fertiliser, but that’s completely out of touch with what most Kiwis want. New Zealanders liked Greenpeace a lot more when they stuck to saving whales. They should get back to that and stop slagging off our worldleading farmers,” Langford said. We agree!
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
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