Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Widespread power outages and blocked roads from severe weather have affected Canterbury dairy farms including those supplying milk to Synlait Milk.
Synlait is working with its milk suppliers to ensure normal operations are resumed as soon as possible. The company is focused on trying to collect all milk off farms however it expects that a limited volume of milk may not be able to be collected as a result of the weather.
Synlait Milk lost power to its processing plant at Dunsandel at around 8.30pm last night before power was resumed at about 2am this morning.
No damage was suffered to the plant during the outage. The plant is expected to be fully operational by around 6pm today.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.