Another Windfall for Fonterra Farmers, Unit Holders
Fonterra farmer shareholders and unit holders are in line for another payment in April.
The Government inquiry into Fonterra's botulism contamination must examine the impact budget cuts at the Ministry for Primary Industries had on the food scare, Labour's Primary Industries spokesperson Damien O'Connor says.
"The draft terms of reference should be expanded to include looking at whether there was reduced oversight of food safety because MPI had its budget slashed by $26 million," says O'Connor.
"It also needs to examine whether the super ministry, formed last year, had the capacity to deal with such a disaster for our exporters."
O'Connor says the inquiry must be truly independent.
"There is no guarantee the separate inquiries being conducted by MPI and Fonterra will be completely independent when they may be implicated in wrong doing over the way the contamination was handled."
It is important the inquiry is completed as quickly as possible, O'Connor says.
"Our international reputation is on the line and the longer this inquiry takes, the longer questions hang over the quality and safety of New Zealand's food exports."
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Farmers are being encouraged to take a closer look at the refrigerants running inside their on-farm systems, as international and domestic pressure continues to build on high global warming potential (GWP) 400-series refrigerants.
As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
Bovonic says a return on investment study has found its automated mastitis detection technology, QuadSense, is delivering financial, labour, and animal-health benefits on New Zealand dairy farms worth an estimated $29,547 per season.