Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra says its emergency response teams have contacted over 500 farms in flood-affected areas of lower North Island.
The co-op says around 30 farmers have requested immediate help, and the teams are on the ground working with them.
"Our staff are pumping out sheds, clearing slips, and working to get farms back in working order as quickly as possible," it says.
"We're able to collect milk as usual from all but three farms, and we're working to find other ways to get to those three as soon as possible."
Fonterra activated its emergency response team after severe flooding in Manawatu and Taranaki.
Any Fonterra farmer requiring urgent assistance can call 0800 65 65 68.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.