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.
New Fonterra directors Andy McFarlane (L) and Brent Goldsack (R), with re-elected director John Monaghan at the co-op’s annual meeting in New Plymouth last week.
Fonterra's two new farmer-elected directors are looking forward to their new roles.
Brent Goldsack and Andy Macfarlane were elected at the co-op’s annual meeting in Hawera last week.
Macfarlane says serving on the board of New Zealand’s largest company is a great responsibility.
Goldsack says he is humbled to be chosen to serve farmers.
“Fonterra is in great shape and I look forward to serving farmers and New Zealand.”
Shareholders voted to elect incumbent director John Monaghan and new directors Brent Goldsack and Andy Macfarlane.
Goldsack lives at Matangi and has farming interests in Waikato and Manawatu.
Born in Taranaki and raised on a dairy farm in Inglewood, Goldsack is a chartered accountant and was a partner at PwC for at least 12 years.
Macfarlane is from Ashburton and has extensive farming interests in Mid Canterbury.
He runs a rural and farm advisory business and is a director of AgResearch and Ngai Tahu Farming and a councillor of Lincoln University.
Goldsack and Macfarlane replace Leonie Guiney and David MacLeod on the board.
Wairarapa farmer John Monaghan was re-elected for another three-year term by farmers.
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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