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Fonterra shareholders have voted in favour of implementing Trading Among Farmers.
Fonterra's board is holding a special meeting this afternoon to decide whether TAF (trading among farmers) will go ahead.
Voting is now underway at Fonterra special meeting on TAF (trading among farmers).
Increased milk production was one of the main drivers for an unexpected 1.1% growth in GDP in the March quarter, the fastest quarterly pace in five years.
A good crowd gathered in the rostrum at Frankton today to see the bigger yarding of 652 cattle sold today as many got back into the swing of things following Field days week.
US retailers are chasing fresh domestic lean beef rather than frozen imported beef seeing many don't use imported beef in their formulations, partly because of labeling requirements.
NZ exporters are struggling to make headway in the UK market at the moment, which is NZ's largest market for lamb.
Fonterra's Board, the Shareholders' Council and former industry leaders are united in their support of Trading Among Farmers (TAF), says chairman Henry van der Heyden.
Falling dairy prices were a key contributor to a widening current account deficit in the March quarter, Statistics New Zealand says.
With only a few working days before Fonterra cooperative group's 10,500 shareholders decide upon its Trading Among Farmers (TAF) proposal, Federated Farmers is imploring all shareholders to vote.
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Fonterra chief executive Theo Spierings is misleading farmers by claiming Trading Among Farmers (TAF) protects the cooperative, says Labour's Primary Industries spokesperson, Damien O'Connor.
New Zealand dairy farmers are benefiting from the global food demand to a greater extent than their Australian counterparts, says Mark Bennett, head of Agribusiness ANZ Regional Australia.
Fonterra will no longer be in control of its own destiny if Trading Among Farmers does not proceed, Fonterra CEO Theo Spierings says.
A new dairy industry resource for managing mastitis and improving milk quality has been unveiled by DairyNZ at the New Zealand Milk Quality Conference in Hamilton.
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