Fonterra unveils healthy first quarter profit
Fonterra has unveiled a net profit of $263 million for the first quarter of its 2024-25 financial year.
OPINION: Last week's revelation that data relating to New Zealand MPs was stolen amid Chinese state-sponsored cyber espionage targeting two arms of the country’s Parliament could test the long-standing trade relations between the two countries.
NZ was the first country to sign a free trade deal with China in 2008 and our primary sector, particularly dairy, has benefited greatly. A big chunk of Fonterra’s earnings come from sales in Greater China.
Foreign Minister Winston Peters confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government.
“Foreign interference of this nature is unacceptable, and we have urged China to refrain from such activity in future,” he says.
A few years ago, when the Australian Government publicly accused China of spying, retaliatory bans on wine, grain and wheat were slapped by Beijing. Here’s hoping that the Chinese won’t do such a thing to our exports.
Biosecurity New Zealand says continued testing and monitoring shows no signs of avian influenza outside of Mainland Poultry’s Hillgrove, Otago farm.
Former Governor-General Dame Patsy Reddy will be the new chair of the Climate Change Commission.
Biosecurity New Zealand says test results to date from a small free-range layer chicken farm near Dunedin are negative for avian influenza.
ANZ agricultural economist Susan Kilsby is describing the 2024-25 dairy season as ‘a cracker’.
How much shade and shelter do our sheep need in an era of more extreme weather and the lack of natural shelter on farms?
Fonterra has unveiled a net profit of $263 million for the first quarter of its 2024-25 financial year.
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