Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
It appears many dairy company competitors of Fonterra are worried that some of the proposed changes to the DIRA regulations will give the country’s largest dairy co-op an unfair advantage over them.
OCD, majority owned by the Talley family, claims that allowing Fonterra to pay a different farmgate milk price to shareholders, will enable the dairy co-op to: “pay an anti-competitive farmgate milk price in regions with the most competition, while paying lower prices to farmers in less competitive regions”.
The Hound notes that the Talleys and the NZ First party (who have been vocal in their criticism of Fonterra) have had a very close association over the years. Meantime, Parliament’s primary production select committee is scheduled to report back on the DIRA Bill next February. Keep an eye out for that one.
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
OPINION: Productive whole farmlands conversions into forestry are becoming a thorny issue for the Government.
Thus far in 2025, the Hawke's Bay rescue helicopter crew have completed over 220 missions, resulting in numerous positive patient outcomes.
The New Zealand Food Network's (NZFN) fifth birthday celebrations have been boosted by a whopping five tonne meat donation from meat processor ANZCO.
Pukekohe vegetable growers farewelled 101-year-old Alan Wilcox in late July, celebrating his many achievements and reflecting the widespread respect in which he was held.