What Would Synlait Be Worth to Fonterra or a2 Milk?
Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.
Restrictions on marketing infant formula in Australia have been extended for another three years.
The Australian Competition and Consumer Commission (ACCC) has reauthorised the agreement that bans direct public marketing of infant formula.
In New Zealand, the Ministry of Health prohibits marketing of infant formula for babies under 6 months.
The ACCC says it has accepted the Marketing in Australia of Infant Formula: Manufacturers and Importers Agreement (MAIF) to stay until the July 31 2024, to maintain restrictions on the promotion of breastmilk substitutes.
ACCC deputy chair Delia Rickard said the ban has significant public health benefits through protecting the rate of breastfeeding.
"Without this agreement among infant formua manufacturers and importers there is a risk of an increase in the marketing of infant formula, both directly to consumers and indirectly through references to infants in the marketing of toddler milk," said Rickard.
The ACCC has ongoing concerns the marketing of toddler milk products undermines the effectiveness of the agreement. Issues with advertising complaints are also present because of timeliness and transparency for how they are handled under the agreement.
B+LNZ's Wormwise veterinarian Mary Bowron has won the Best Sheep and Beef Vet of the Year Award in recognition of her outstanding contribution to New Zealand’s sheep and beef sector.
Researchers at Massey University are using a special piece of scientific equipment to improve the measurement of greenhouse gas emissions from pasture soils.
More signs of a booming kiwifruit sector.
OPINION: David Seymour and James Meager's plan to make it easier for farmers and orchardists to operate drones can best be described a 'courageous' move.
New Zealand wool is reaching new heights as air filtration companies move away from synthetic products to biodegradable alternatives.
Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.