Fonterra shareholders watch performance after sale
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
Trade Minister Tim Groser has confirmed New Zealand is working closely with our trading partners to keep them informed of the potential contamination of some products.
These include follow-on infant formula, made from whey protein concentrate contaminated with the bacteria that causes botulism.
"As soon as New Zealand authorities were notified of this risk, we immediately acted to inform relevant authorities around the world," says Groser.
"This has included formally notifying Infosan, the World Health Organisation's international food safety regulators network. As more information on this issue is confirmed we will provide our trading partners with further updates.
"We understand that the markets to which contaminated whey protein concentrate, or products using this ingredient, has been exported are Australia, China, Malaysia, Saudi Arabia, Thailand and Vietnam.
"New Zealand authorities are working with Fonterra to identify and trace all potentially affected products and then inform regulators around the world," says Groser.
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's increasing contribution to the national economy.
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.
New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.
A new levying body, currently with the working title of NZWool, has been proposed to secure the future of New Zealand's strong wool sector.
The most talked about, economically transformational pieces of legislation in a generation have finally begun their journey into the statute books.

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