Fonterra investing $70m in new electrode boilers
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Federated Farmers dairy chair Andrew Hoggard says this will be a huge boost to dairy farmers’ spirits after a difficult spring.
"The weather’s been kicking our guts over the last few months and that’s on top of what everyone knows has been a tough couple of years,” Hoggard says.
"This is going to boost everyone’s morale."
The announcement equates to about an extra 75 cents for the season.
"It’s good news. We are going to see dairy farmers feeling a lot more positive over the next couple of months, which is good news for the entire New Zealand economy," Hoggard says.
