Strong growth in farm salaries - report
A new report shows farm employers across the dairy, sheep and beef, and arable sectors have continued to invest strongly in one of their greatest assets – their staff.
Yili, which operates Westland Dairy Company and Oceania Dairy, has consolidated its position among the top five dairy companies in the world.
Rabobank’s Global Dairy Top 20 puts the Chinese dairy giant in fifth place, ahead of Fonterra but below companies like Lactalis and Nestlé.
Yili retains its spot for the ninth year in a row.
A spokesperson for Yili says the report highlights intense competition across the industry, with combined turnover of the Global Dairy Top 20 companies jumping by 9.3% in US dollar terms, following a 0.1% decline in 2021.
“Due to its acquisition of Ausnutria Dairy and strong domestic sales growth, Yili has become Asia’s first dairy producer to exceed RMB 100 billion (USD 14.85 billion) in turnover,’’ the spokesperson says.
In 2021, Yili achieved 8% growth in overseas revenue, with its products covering over 60 countries and regions across five continents.
In New Zealand, Yili has upgraded production and doubled the capacity of Westland Milk Products’ Hokitika butter plant.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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