Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Fonterra has developed a new white butter product to meet growing demand from manufacturers in the Middle East.
Although Fonterra’s butter is known by Middle East consumers for its golden appearance, because of grass fed cows, a niche group of manufacturers prefer white butter as a processing ingredient for their food products.
These Middle Eastern food manufacturers have traditionally used butter from grain fed cows, a product with a pale colour.
Fonterra’s dairy foods category director of NZMP, Casey Thomas, says Fonterra developed the white butter by a process that reduces its golden appearance without affecting its quality.
“We saw an opportunity to tap into this new area for customers to use it in applications such as spreadable jar cheese, recombined cream cheese, and it could soon be used in ice cream.” NZMP general manager of Middle East and Africa, Santiago Aon said, “This is already seeing strong results. Our customers have had positive feedback about the white butter; it is performing to our expectations.”
With the co-op’s R&D centre, NZMP is behind the new product; both have a history of partnering with customers to create business solutions with them.
The product is now available in Saudi Arabia, Iran, Bahrain, Turkey and Pakistan. It may be launched in Egypt, Algeria, Morocco and South America.
New Zealand needs a new healthcare model to address rising rates of obesity in rural communities, with the current system leaving many patients unable to access effective treatment or long-term support, warn GPs.
Southland farmers are being urged to put safety first, following a spike in tip offs about risky handling of wind-damaged trees
Third-generation Ashburton dairy farmers TJ and Mark Stewart are no strangers to adapting and evolving.
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Thirty years ago, as a young sharemilker, former Waikato farmer Snow Chubb realised he was bucking a trend when he started planting trees to provide shade for his cows, but he knew the animals would appreciate what he was doing.