A great outcome - Hurrell
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
In a blow to Fonterra's trading among farmers (TAF) proposal, Simon Couper has resigned his position as Chair of the Fonterra Shareholders' Council effective immediately.
Couper's unexpected resignation came about due to his "lack of comfort with some aspects of the Trading Among Farmers proposal".
The Council today endorsed Council's Deputy Chair, Ian Brown to move into the position of Chair.
Fonterra has had trouble quelling unrest among its shareholder base about the detail of TAF and has already had to take it back to a second vote, which is due in June. Couper's departure will be seized upon by the TAF opponents that Fonterra has positioned as "a vocal minority".
As statement issued by Couper's replacement, Ian Brown, simply says "the Council would like to thank Simon for the dedication he brought to the Council over the past eight years."
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
Farmer lobby group Federated Farmers has announced it is supporting a new Member’s Bill which it says could bring clarity to New Zealand farmers and save millions in legal costs.
DairyNZ has announced the date for its upcoming Milksolids Levy vote.
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