Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
It’s official, Fonterra’s organic farmers have become the first in the country to receive a double-digit milk payout.
As predicted by Dairy News, the cooperative’s 60 organic suppliers last season have set a record price for cow milk in New Zealand at $10.19/kgMS.
Fonterra’s global business manager organics Andrew Henderson told Dairy News that the final price was driven by a combination of factors including organic protein sales in the US, a favourable exchange rate and a number of efficiency improvements right across the supply chain.
“This is a fantastic result for organic dairy in New Zealand, it sets a new benchmark for the value of our premium New Zealand grass-fed dairy products,” says Henderson.
“It’s something we can all be proud of because, ultimately, the result is a culmination of work put in by a wide group of people.
“It starts with the effort of our organic suppliers to meet and exceed organic certification standards. Then it’s the endeavours of our transport, manufacturing, sales and marketing teams who all help make the most of that milk to drive returns and deliver value to the co-op.”
The list of organic milk suppliers is growing.
This season Fonterra will collect organic milk from 74 suppliers and about 25 additional farms are in the process of becoming organic farms, a transition that takes three years.
The co-op has set a 2020/21 forecast range $8.50 - $9.00/kgMS for this season.
Fonterra’s organic suppliers are based throughout the North Island, with most of the milk processed in Waikato.
The Waitoa plant makes organic milk powders and UHT milk, the Morrinsville plant butter and milk powders, while Hautapu produces cheese, whey protein concentrates and milk protein concentrates. Anchor organic milk is generated at Palmerton North.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.
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