Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra is welcoming the Government's move to lift restrictions on trade with Iran, a key butter partner.
This follows the elimination of UN sanctions this month.
The Ministry of Foreign Affairs confirmed it has started the process of updating its regulations and removing the UN sanctions, which it expects to complete next month.
"Iran is a valuable trading partner and a key butter market for Fonterra," says Fonterra's managing director of global ingredients, Kelvin Wickham.
"The removal of the UN sanctions, and our Government's unwinding of restrictions, will only improve the outlook for us in Iran."
With a population of nearly 80 million and long-standing customer relationships in Iran, Fonterra expected continued growth in the market.
"Our customers in Iran are growing, and we're seeing them make significant investments in infrastructure and capacity to meet demand," says Wickham.
"We have skilled people in the region who understand the opportunities and potential of doing business in Iran, and who welcome more normalised trade relations."
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.