Ravensdown Returns to Profit, Approves $15/Tonne Shareholder Rebate
Ravensdown has reported a net profit before tax and rebate of $50.1 million for the year ended 31 May 2026.
Fonterra is recalling two batches of butter after the discovery of a fine metal object in the product.
Fonterra Brands (New Zealand) Ltd (FBNZ) is conducting a voluntary recall of:
Mainland Salted Butter 500gm-, best before date of January 10, 2013 (Batch CV12) and
Anchor Salted Butter 500gm-, best before date January 26, 2013 (Batch CV28)
FBNZ managing director Peter McClure says the recall follows two isolated complaints received from consumers who had found a fine metal object in their butter products. There have been no reports of anyone being injured.
"The voluntary recall is a precautionary measure as there can be no compromise when it comes to product quality or the health and safety of our consumers," says McClure.
"We advise anyone with family or friends who may have bought this product to contact them in case they do not see or hear this announcement."
Consumers should not consume the above-stated products but should return them to the point of purchase, with the appropriate packaging (batch code included), for a full refund.
This recall is limited to the above-stated products that are produced and sold in New Zealand and no other FBNZ products are affected.
Food recall notices have been placed in daily newspapers across New Zealand this week and authorities have been notified.
For further information, consumers should call the FBNZ Customer and Consumer Services line: 0800 262 467.
A Palmerston North shearer has been sentenced to six months' community detention and 12 months' supervision after being found to have physically abused three lambs while shearing them.
Power Farming has launched a joint venture in Southland.
Food rescue charity Meet the Need has released its 2025/26 Impact Report, revealing a record year of growth alongside a stark warning: demand for food support across New Zealand is rising faster than supply can keep up.
As we move into the second half of 2026, the Tractor and Machinery Association (TAMA) reports that Year-to-Date figures ending June 30 saw new tractor deliveries hitting 1,386 units or 10.7% ahead of the same period in 2025.
The avocado sector is entering the new season with a larger crop and positive market opportunities.
New Zealand growers have always adapted to changing conditions, but one challenge is steadily gaining ground across the horticulture sector: resistance.

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