Fonterra to offload iconic brands
Fonterra says the sale of its global consumer business and its Oceania and Sri Lankan operations could take 18 months to complete.
Fonterra says it remains committed to its social commitments despite the recent slump in dairy prices.
Addressing Fonterra’s annual meeting in Canterbury this month, chief executive Theo Spierings noted that the co-op did not cut corners or go back on its commitments.
He pointed out that Fonterra keeps on with Milk for Schools, the Living Water programme and dairy development worldwide.
“Once you start cutting corners… you lose trust; we have not cut a penny from those programmes,” Spierings told farmers. “We coped with changes, but we kept on investing in communities.”
Milk for Schools reaches 70% of New Zealand primary schools; 140,000 primary students drink Anchor milk daily.
Living Water is a partnership between Fonterra and the Department of Conservation, working to improve biodiversity and water quality across NZ; the work continues in five sensitive catchments.
The co-op’s dairy development programme helps the growth of sustainable dairy industries in key markets around the world, helping farmers to produce more milk, profitably and safely.
Plans are in place to celebrate the 100th anniversary of the legendary Flock House opening its doors for the first time.
The mood in horticulture is cautiously optimistic, according to the chair of Horticulture NZ, Barry O'Neil.
New Zealand’s major primary industry exporters have secured shipping capability to export $160 billion worth of products over the next 10 years.
The mood in the deer industry is very positive and on an upwards trajectory.
Trade and Agriculture Minister Todd McClay says the Government is always working to ensure that our food exporters are treated fairly under trade agreements signed with other countries.
Coronet Peak, Queenstown, was the venue for the 2024 NZ Dairy Industry Awards.
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