Westland Milk reports positive season
"I'm more positive now than I was two or three months ago." That's the view of Richard Wyeth, chief executive of Hokitika-based Westland Milk Products (WMP).
The upcoming vote on Westland Milk’s sale is getting interesting as the big day approaches next week.
On July 4 Westland supplier shareholders meet to vote on Yili’s offer of $3.41/share.
The co-op’s largest shareholder, Southern pastures is abstaining from the vote. State-owned farmer PAMU, also a Westland supplier, hasn’t made up its mind yet on how it will vote.
Also reports of a big bonus to executives should the Yili deal go through is causing concern among some shareholders.
What seemed like a straight forward vote a couple of months ago is now looking slightly shaky.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
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.
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