Tuesday, 20 September 2016 16:07

Shanghai Maling decision ‘sensible’

Written by 
Federated Farmers Meat & Fibre Chair Rick Powdrell. Federated Farmers Meat & Fibre Chair Rick Powdrell.

New Zealand will enjoy benefits from the approval for Shanghai Maling Aquarius to acquire a 50% ownership stake in Silver Fern Farms.

Federated Farmers Meat & Fibre Chair Rick Powdrell says it’s a sensible decision for the country and aligns the company better to service the needs of global markets in a modern world.

"New Zealand farmer-shareholders will continue to own 50% of the cooperative and will enjoy the benefits of access to the growing Chinese market,” says Powdrell.

"This is exactly what the farmer-shareholders wanted, with a majority voting last month for the deal to be approved.”

More like this

Editorial: Having a rural voice

OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.

Featured

2026 fresh produce trends shaping Kiwi food culture

According to the latest Fresh Produce Trend Report from United Fresh, 2026 will be a year where fruit and vegetables are shaped by cost pressures, rapid digital adoption, and a renewed focus on wellbeing at home.

Editorial: Having a rural voice

OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Realpolitik!

OPINION: Meanwhile, red blooded Northland politician Matua Shane Jones has provided one of the most telling quotes of the year…

The Kiwi way

OPINION: This old mutt has been around for a few years now and it seems these ‘once in 100-year’ weather…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter