Bank helps clients reduce emissions
Rabobank says climate change creates both risks and opportunities for the bank and its clients and that the food and agriculture sector needs to recognise the potential for both.
Yili, which operates Westland Dairy Company and Oceania Dairy, has consolidated its position among the top five dairy companies in the world.
Rabobank’s Global Dairy Top 20 puts the Chinese dairy giant in fifth place, ahead of Fonterra but below companies like Lactalis and Nestlé.
Yili retains its spot for the ninth year in a row.
A spokesperson for Yili says the report highlights intense competition across the industry, with combined turnover of the Global Dairy Top 20 companies jumping by 9.3% in US dollar terms, following a 0.1% decline in 2021.
“Due to its acquisition of Ausnutria Dairy and strong domestic sales growth, Yili has become Asia’s first dairy producer to exceed RMB 100 billion (USD 14.85 billion) in turnover,’’ the spokesperson says.
In 2021, Yili achieved 8% growth in overseas revenue, with its products covering over 60 countries and regions across five continents.
In New Zealand, Yili has upgraded production and doubled the capacity of Westland Milk Products’ Hokitika butter plant.
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.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
Atiamuri farmers Paul and Lesley Grey never gave up their dream of owning their own farm – and in 2020, that dream came true.