Monday, 25 January 2016 08:54

Fonterra expects Iran growth

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Fonterra’s managing director of global ingredients, Kelvin Wickham.

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."

Published in World News

Featured

High commodity prices, farmer optimism bode well for event

The 2025 South Island Agricultural Field Days (SIAFD) chairman, Rangiora farmer Andrew Stewart, is predicting a successful event on the back of good news coming out of the farming sector and with it a greater level of optimism among farmers.

Accident triggers traffic alert in barns, sheds

WorkSafe New Zealand is calling on farmers to consider how vehicles move inside their barns and sheds, following a sentencing for a death at one of South Canterbury’s biggest agribusinesses.

Plantain 'still a winner' in nitrogen loss battle

Now is not the time to stop incorporating plantain into dairy pasture systems to reduce nitrogen (N) loss, says Agricom Australasia brand manager Mark Brown.

People expos set to return

Building on the success of last year's events, the opportunity to attend People Expos is back for 2025, offering farmers the chance to be inspired and gain more tips and insights for their toolkits to support their people on farm.

SustaiN lands NZ registration

Ballance Agri-Nutrients fertiliser SustaiN – which contains a urease inhibitor that reduces the amount of ammonia released to the air – has now been registered by the Ministry of Primary Industries (MPI). It is the first fertiliser in New Zealand to achieve this status.

Precision N application test costs 'outweigh returns'

Precision application of nitrogen can improve yields, but the costs of testing currently outweigh improved returns, according to new research from Plant and Food Research, MPI and Ravensdown.