Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra Co-operative Group Ltd backs the move by Ravensdown and Ballance Agri-Nutrients to voluntarily suspend sales and use of Dicyandiamide (DCD) treatment on farm land until further notice.
The fertiliser companies announced the suspension yesterday after very low levels of DCD were identified in some test samples of dairy products.
"We have been assured by New Zealand's regulatory authority – the Ministry for Primary Industries - that there is no food safety risk. However, DCD residues in agricultural products may present a future trade issue," said managing director cooperative affairs Todd Muller.
"Although DCD was a promising option for reducing nitrate leaching, it is critical that New Zealand's trade reputation is preserved. The voluntary suspension is the responsible approach in the absence of any internationally agreed standards for DCD residues in food."
Fonterra will participate in a working group set up by the Ministry for Primary Industries to examine what the suspension means in terms of the future use of DCD in farming, including the impact on water quality requirements.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
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