Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
FONTERRA'S MILK across New Zealand reached 554 million kgMS last month, up 4.3% on the same month last year.
In its monthly global dairy update issued this morning, the co-op says milk collection volumes peaked at 89.7 million litres per day in mid‑October.
New Zealand has a predominantly pasture-based milk supply curve and production peaks around mid-October every season.
Fonterra says North Island collection in October reached 147 million kgMS, seven million kgMS ahead of October last season.
North Island production growth continues, supported by mild spring temperatures, good soil moisture and strong pasture growth.
South Island collection in October reached 86 million kgMS, three million kgMS ahead of October last season.
Conditions have been variable across the South Island with cooler conditions experienced in central and the lower South Island. However, the co-op says current pasture growth conditions are still supporting increased production compared to last season.
Milk collection across Australia for the four months to October 31 reached 44 million kgMS, four million kgMS ahead of the same period last season.
Favourable spring conditions continued, particularly in Tasmania, where good rain and mild temperatures have continued to drive production growth, Fonterra says.
Milk collection in Australia in October reached 15 million kgMS, one million kgMS ahead of October last season.
Zespri has unveiled Grown for Good, a refreshed global brand platform, in an effort to reinforce the company's commitment to nutrition and creating value across the kiwifruit industry.
For the first time in more than 30 years the Government has set a new set of radical priorities for the science it funds - including agriculture.
The Labour Party has announced it will support New Zealand's free trade agreement (FTA) with India.
OPINION: Political parties in New Zealand have a long history of supporting free trade agreements together.
New Zealand's high country farmers could soon gain greater flexibility to diversify their land use as the new Crown Land Legislation Amendment Bill is introduced to Parliament.
New Zealand farming history needs to be celebrated, says the New Zealand Century Farm and Station Awards (NZCFSA) national coordinator, Anne Barnett.

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