Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Fonterra is operating at a limited capacity in Sri Lanka as that country grapples with unrest and serious economic challenges.
The co-operative's chief executive officer for Asia-Pacific Judith Swales says the focus remains on the safety and wellbeing of its people and their families. "We are continuing operations, albeit at limited capacity, and doing our best to make food nutrition available.
"Even in difficult times, our Sri Lanka team continues to amaze and get new products to market.
"Just the other week they launched a new innovation - a tea blend 3 in 1 - as an accessible nutrition solution for our consumers and customers."
Fonterra employs around 600 people in Sri Lanka, a key consumer and foodservice market.
Fonterra has a manufacturing facility where it processes milk from Sri Lankan farmers, supplying dairy to Sri Lanka and surrounding countries.
Its brands are well recognise with Ratthis and Anchor the number one and two dairy brands in the country.
Sri Lanka descended into turmoil after its 22 million population couldn't access basic food items, fuel and medicines. People took to the streets, forcing the President to flee the country.
Swales believes that as a resilient nation Sri Lanka will come out of its challenges.
"In the meantime, we will continue our care for our people and their families and keep the business running so that nutritious dairy is available."
Historically it has been a good performing market for the co-op.
It is a dairy consuming nation, whether that be milk powders for tea and dessert or yoghurts and drinking milks.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
OPINION: The good news keeps getting better for NZ dairy farmers.
OPINION: With export of livestock by sea dead in the water, opponents of the Gene Technology Bill think they can…