Fonterra Expands China Foodservice Business with New Anchor Essence Cream
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
Thailand Prime Minister Yingluck Shinawatra has met with Fonterra Chairman John Wilson for a tour of a South Auckland dairy farm and also visited the company's Te Rapa manufacturing site.
Fonterra say the visit was an opportunity for Wilson to further strengthen the company's relationship with Thailand, where it is the number one supplier of dairy ingredients.
Wilson says Fonterra was honoured to host Shinawatra and provide her, and the Thai trade delegation with a deeper understanding of their business, and the New Zealand dairy industry.
"Thailand's overall dairy consumption is still relatively low at 20kg per person per year, compared to the world average of 110kg. However, with its increasingly affluent population we expect the demand for dairy products to grow, which makes it an important country for our growth in Asia," says Wilson.
The Thai trade delegation included Deputy Prime Minister and Minister of Foreign Affairs, Surapong Tovichakchaikul and 20 Thai agri companies.
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.

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