Fonterra Expands Organic Dairy Programme Into South Island
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
The Organic Products Bill has passed its first reading with full support from all political parties.
The Bill will now go to the select committee stage where the details and impacts of the Bill and its pending regulations will be scrutinised through public submissions and expert engagement.
The Bill, which passed its first reading on Thursday, aims to increase consumer confidence in purchasing organic products, increase certainty for businesses making claims that their products are organic, and facilitate international trade in organic products.
“We have as government, a commitment to try and turn our farmers to not only be the best farmers in the world, but for the world,” said Minister of Agriculture, Damien O’Connor during his address.
“A single organic standard that has integrity, is consistent and backs up their efforts is one major step forward in the process.
“It will make sure they have enduring and sustainable farming systems that give them returns for their efforts, protect the environment and make sure we can play our part in feeding the world.”
Buy Pure New Zealand, a business specialising in marketing and growing organic, natural, and fair-trade brands, managing director Brendan Hoare says the Bill passing its first reading is a milestone for the organic sector.
“We have a dedicated government as well as a united parliament and organic sector.
“As someone who has been instrumental from the inception in bringing this to fruition, I look forward to continuing to work with the whole organic sector across the entire supply chain and government to bring this to life and realise what is best for Aotearoa New Zealand.”
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
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