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's milk collection in New Zealand for the seven months to December 31 reached 972 million kgMS, 4% higher than the same period last year, the cooperative says.
However the rate of growth has continued to slow, mainly driven by reduced South Island production growth, Fonterra says in its latest Global Dairy Update.
North Island collection in December was 4% higher than December last season. Some rain in dairy regions in the North Island supported grass growth and increased production.
South Island collection in December was 1% higher than the same month the previous season.
"Growing conditions have improved in Southland after a cold start to the season. However, dry conditions are impacting pasture growth across the east coast of the South Island and farmers will be watching this closely as irrigation restrictions may be put in place," the update says.
Fonterra's milk collection in Australia for the six months to December 31 reached 71 million kgMS, 6% higher than the same period last season. However in December it was 3% lower than December in the last season. Dry conditions are impacting pasture growth across most of south east Australia.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
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.
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