Strong growth for Yili's NZ operations
Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.
Former Westland Milk chairman Pete Morrison says Yili’s new ownership represents a significant milestone for the former co-op and the start of a new era for the dairy industry on the West Coast.
He says Westland is a proud business with a strong history on the West Coast and in Canterbury.
“Jingang’s ownership provides confidence, security and competitive payouts for farmers – and their families – in our region. I am sure this will provide a strong platform for dairying in the region for many years ahead.”
Morrison says throughout the sale process all farmers were treated equally and all stand to be equally rewarded in the future.
“Fairness and equality were critical principles for the board and we are pleased these principles were understood and respected by Jingang and Yili throughout our negotiations.
“My fellow farmers and I now look forward to helping Yili achieve its long term goal of becoming the most trusted healthy food provider in the world. It is an exciting vision and it is exciting to help make this a reality.
“The strong engagement and support shown by Westland’s shareholders at the recent shareholder meeting demonstrates the importance our farmers place on the new relationship and their faith in Yili working with them to build Westland’s positive future.
“It is truly a win-win result for all involved.”
'Common sense' cuts to government red tape will make it easier for New Zealand to deliver safe food to more markets.
Balclutha farmer Renae Martin remembers the moment she fell in love with cows.
Academic freedom is a privilege and it's put at risk when people abuse it.
All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.
Claims that some Southland farmers were invoiced up to $4000 for winter grazing compliance checks despite not breaching rules are being rejected by Environment Southland.
According to the most recent Rabobank Rural Confidence Survey, farmer confidence has inched higher, reaching its second highest reading in the last decade.