Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Dairy farms in Northland, Hawke’s Bay and the Coromandel Peninsula remain cut off, says Fonterra.
However, access is improving and the co-operative will be making fresh attempts to collect milk from these farms in the coming days.
Paul Phipps, general manager national transport & logistics told Rural News that they are still unable to safely access a number of farms mostly in Northland.
“Many roads are significantly disrupted and ensuring the safety of our tanker operators and other teams is paramount.
“Access is improving however and we were able to get to more farms in Northland last night. The situation is still challenging though.”
On the Coromandel Peninsula, access is still severely restricted given the state of the roads there.
Today the co-operative will be attempting collection from all suppliers in the region.
“Trucks will be going up without trailers to give us the best possible chance to access farms,” says Phipps.
In the Hawkes Bay, Fonterra has been unable to collect milk from the majority of farms north of Waipukurau.
“Our transport team is working closely with local authorities to assess road conditions,” says Phipps.
“We are doing everything we can to minimise the impact and are working through the logistics.
“Aside from collections, one of the biggest challenges we are facing is pressure on the supply chain as the knock on effects of closed ports and rail put a squeeze on what is already a highly strained national network.”
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
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