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.
WHILE IT IS good news the inquiry into the whey protein incident concludes there was no failure with New Zealand's dairy regulatory system it confirms what we already knew, says Michael Barnett, chairman of the NZ Infant Formula Exporters Association.
"We do have world best regulations. We are world leaders in whey production. Within the terms of reference of the inquiry to look into our dairy food safety system the report is a good outcome."
However in the association's view the incident was never a failure of our dairy regulations. "It was a failure to manage the situation and the reputational damage it caused New Zealand. This report will not fix that failure," says Barnett.
"I remain greatly concerned that our members were not part of the incident yet have ended up as collateral damage. Our members' products were taken off the shelves in China and I cannot see anything specific that will help get them back in to the market and rebuild the confidence of consumers."
Barnett says he would like to believe a further investigation being undertaken by the Ministry of Primary Industries looking at the question of what happened and the regulator's response in managing the incident might provide some answers.
Meanwhile we need to get this good news into the Chinese media and officials channels with some urgency but also some care. "I am a little concerned that even though there was no failure with our regulatory system we have nonetheless come up with a report that has 29 recommendations – to improve a system that is already proven to be among the best in the world. This could be misinterpreted."
He agrees an important step to restoring consumer confidence in China was for the Prime Minister and senior ministers to take this good news directly to counterparts in China.
The National Wild Goat Hunting Competition has removed 33,418 wild goats over the past three years.
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.