Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra chief executive Miles Hurrell says there are a lot of things happening in the co-op that don’t get mentioned.
He told the Fonterra annual general meeting in Lichfield today that the co-op launched three new divisions; paediatric ingredients, sport and active lifestyles and medical nutrition.
Hurrell says the new divisions will capitalise on the growth in these sectors.
Medical nutrition is expected to be worth $24 billion globally by 2020.
“Our focus is to help people who are ill or want to live longer healthier lives,” he says.
“As part of this, we developed a new medical drink which helps deliver quality protein to the body following an operation or chemotherapy.”
Hurrell says in March Fonterra teamed up with Foodspring, one of Europe’s fastest growing sports nutrition companies.
“They are looking for world-class dairy to support their brand and product portfolio in healthy eating, weight management and muscle-building categories, with products sold online across Europe and Asia.”
Hurrell says the new partnership enables the co-op to tap into the rapidly growing active nutrition category, currently valued at $200b.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).
Angus Barr and Tara Dwyer of The Wandle, Lone Star Farms in Strath Taieri have been named the Regional Supreme Winners at the Otago Ballance Farm Environment Awards in Dunedin.
OPINION: The distress that the politicians and bureaucrats are causing to the people of Wairoa and the wider Tairāwhiti is unforgivable.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.