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Not a good look for Fonterra as media report on a junket by 200 European staff to a California resort town.
Add to that 100 Chinese staff, media and customers spending a week at a five-star resort to celebrate Anchor’s success. For farmer shareholders reeling from the co-op’s $196m loss the timing couldn’t have been worse. Who approved these junkets? Was it the former chief executive who this month sailed into sunset with last year’s $8m pay cheque?
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
