Pipeline of rural governors critical
The future of Fonterra is assured, so long as farmer owners stay engaged in the governance of the industry and the business they collectively own.
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.
A hundred primary schools across New Zealand are now better resourced to teach their students about food and farming after winning ‘George the Farmer’ book sets in a recent competition run by rural lender, Rabobank.
Kiwifruit growers are celebrating a trifecta of industry milestones next month.
TB differential slaughter levy rates are changing with dairy animals paying $12.25/head, an increase of 75c from next month.
Taranaki's Zero Possum project has entered a new phase, featuring a high-tech farmland barrier and a few squirts of mayo.
The recent Tractor and Machinery Association (TAMA) conference in Wellington was signalling cautious optimism on the back of rising milk and store cattle prices and drops in interest rates.
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