Fonterra shareholders watch performance after sale
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
Twelve Indonesian farmers chosen as part of a Fonterra scholarship programme in Indonesia visited the cooperative's Te Rapa manufacturing site on Wednesday on the final leg of their 10-week training course in New Zealand.
The training course, run in conjunction with Taratahi Agricultural Training Centre, has seen the farmers study animal handling, milking and nutrition during their time here, spending nine weeks in Masterton and one week at Massey University.
Fonterra vice-president of International Farming Ventures Peter Moore says the initiative was designed to educate the farmers so that they can improve farming practices at home and to allow Fonterra to build greater relationships across Indonesia.
"Our brands have been in Indonesia for over 30 years and it is an important export market for Fonterra. The programme has been a great initiative that has allowed us to strengthen our key relationships and build Fonterra's reputation in local communities which is essential for our success in the country," Moore says.
The farmers travel back to Indonesia on Saturday after spending the week with Fonterra visiting Te Rapa, the Fonterra Hamilton offices and the Tip Top factory in Auckland.
There was much theatre in the Beehive before the Government's new Resource Management Act (RMA) reform bills were introduced into Parliament last week.
The government has unveiled yet another move which it claims will unlock the potential of the country’s cities and region.
The government is hailing the news that food and fibre exports are predicted to reach a record $62 billion in the next year.
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
One person intimately involved in the new legislation to replace the Resource Management Act (RMA) is the outgoing chief executive of the Ministry for the Environment, James Palmer, who's also worked in local government.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.