Thursday, 06 December 2018 10:58

Fire sales?

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Your canine crusader hears that Fonterra’s current financial woes could see the dairy co-op dumping many of its key assets.

It’s well accepted that Fonterra’s investment in Chinese infant formula company Beingmate has been a dog, and the co-op is expected to dump the rest of its stake in the baby food company quicker than the National Party cut loose Jami-Lee Ross. Also expected to go are its poorly performing farms in China.

The Hound understands Fonterra is also looking at quitting its ice cream company Tip Top and is believed to be weighing up a sale of its South American operations.

In South America, media reports estimate Tip Top could be worth about $400 million, while the sale of Fonterra’s South American operation could reap the dairy co-operative $1 billion.

More like this

Fonterra's Whareroa Wins Directors Award

Fonterra's Whareroa site took home the prestigious Directors Award at the co-op's 'Oscars of Manufacturing', while Clandeboye led the way with multiple wins at this year's Best Site Cup.

Dairy Holdings CEO Colin Glass Retires After 25 Years of Growth

After 25 years it is the right time to step away, says Colin Glass, the retiring chief executive of New Zealand's largest private corporate dairying company, Dairy Holdings.

Fonterra Expands China Foodservice Business with New Anchor Essence Cream

Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.

Smith V Fonterra

OPINION: To a chorus of crying greenies, and not a minute too soon, the Government has moved to put the courts back in their place through proposed amendments to the Climate Change Response Act 2002, intending to limit climate litigation claims such as Smith v Fonterra, in the interests of providing greater certainty for vital industry.

Fonterra Opens 2026/27 Milk Price Forecast At $9.75kgMS

For the third season in a row, Fonterra farmers are in for a farmgate milk price near $10/kgMS.

Featured

Czarnikow Launches Digital Milk Pricing Tool in NZ

New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.

Pāmu Opens Farm Gates for Summer Open Farm Days

State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.

Northland Study: Emissions Cuts "Unsustainable" for Dairy

A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.

DairyNZ: Waikato Farmers Need Certainty on PC1 Rules

DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.

NZ Rural Contractors Push for Urgent VDAM Rule Reform

While the Government has moved quickly to make commercial hauliers' lot easier during the current fuel crisis, they appear to be stuck in the creep box when it comes to the agricultural industry.

Government's New Planning System, PC1 'Won't Mesh Together Well'

Waikato farmers have been told that the Government’s new planning system legislation and the region’s Plan Change 1 (PC1) “won’t mesh together very well”.

National

Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges

Signs for the 2026-27 kiwifruit crop look good, but there are still some challenges for growers – especially those who…

Seven New Zealand Catchment Groups Awarded Westpac Water Care Grants for 2026

Seven catchment groups across New Zealand have been awarded $10,000 grants as part of the Westpac Water Care Project.

Equine Vets Urge Vigilance as Strangles Outbreak Hits North Island Horse Properties

Equine veterinarians say horse owners need to stay alert and communicate with their vets following an outbreak of the highly…

David Seymour Criticises Rural Women NZ Over Submission

Deputy Prime Minister and ACT Party leader David Seymour says advocacy group Rural Women New Zealand (RWNZ) has submitted against…

How New Zealand Apple Growers Won India Market Access

Eighteen months ago, when negotiations for a free trade deal with India were announced, New Zealand apple growers expressed their…

Machinery & Products

JCB Targets New Land Speed Record with Hydrogen-Powered Hydromax

While its best known as a manufacturer of construction and agricultural machinery, JCB holds a significant place in the record…

NZ Veterinarians Support Responsible Use of Virtual Fencing Technology for Cattle

Vets say they support the responsible use of virtual fencing and virtual herding technology for cattle and wants to work…

Kiwi Axemen Dominate World Stage as Jack Jordan Sets Record and Matthew Gower Claims First World Title

National and world records tumbled as top Kiwi axeman claimed two Stihl Timbersports world titles at the same event in…

WorkSafe Safety Push Reveals Major Farm Safety Gaps Across New Zealand

A safety push across New Zealand has revealed significant gaps in hazardous substances management, farm vehicles, tractors, quad bikes and…

The PostMate Wins Fieldays 2026 People's Choice Award

A farm shed solution to a long-standing safety problem has captured the public’s vote in the Fieldays Innovation Awards with…

» Latest Print Issues Online

Visit archives

» Connect with Rural News

RSS Facebook Twitter