Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra's joint venture with Chinese infant food company Beingmate is a step closer to fruition.
The joint venture has been formalised and subject to final regulatory approvals the first product destined for Beingmate's Chinese customers is expected to roll off the Darnum line in Victoria, Australia in the second half of 2016.
The joint venture sees Beingmate take a 51% stake in Australia's premier paediatric powder plant at Darnum, Fonterra retaining a 49% stake and controlling operations at the plant.
The Darnum joint venture is a key component of Fonterra's partnership with Beingmate to create an integrated global supply chain from the farmgate direct to China consumers, using Fonterra's milk pools and manufacturing sites in New Zealand, Australia and Europe.
Fonterra last year also paid out $755 million for a 18.8% stake in Shenzen-listed Beingmate Baby & Child Food.
Last August, Fonterra and Beingmate said they intended to form a global partnership to help meet China's growing demand for infant formula.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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