increase font size
Fonterra chief executive Miles Hurrell.
Fonterra will pocket $88 million following the sale of its two joint venture farms in China.
The farms in Shandong province were sold to Singapore-based AustAsia Investment Holdings for US$115.5 million.
Fonterra owns the farms with a joint venture partner and had a 51% stake.
Fonterra hief executive Miles Hurrell says the sale is another important milestone for the co-operative and aligns to its strategy of prioritising New Zealand milk.
"The sale of the JV farms allows us to focus even more on our farmer owners' milk and follows the sale of our two wholly owned China farming hubs earlier this year.
Fonterrs sold its two wholly owned China farming hubs in Shanxi and Hebei provinces to Inner Mongolia Youran Dairy in April for $552 million."
As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.
South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
Fonterra's Whareroa site took home the prestigious Directors Award at the co-op's 'Oscars of Manufacturing', while Clandeboye led the way with multiple wins at this year's Best Site Cup.
After 25 years it is the right time to step away, says Colin Glass, the retiring chief executive of New Zealand's largest private corporate dairying company, Dairy Holdings.
OPINION: Farmers are being put on notice by the Green Party.
As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.
Farmers can now get a more reliable view of pasture covers across their farm, thanks to a combination of three data sources.
A warning to dairy farmers not to expect the same good conditions that they experienced last season, has been issued by a leading farm consultant.
South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.
On a farm in Tikorangi, North Taranaki, Brent Stevenson is sharemilking 1,400 cows.
OPINION: City and regional councils have been put on notice - stop using extreme climate forecasting scenarios that can drive…
OPINION: The Green Party’s rivers and oceans policy may have a new name but nothing else has changed.
