Forget about another share trading review
Former Fonterra director Nicola Shadbolt says the recent collapse of a few dairy cooperatives should be blamed on their strategy, not their co-op structure.
Canadian dairy company Saputo says its acquisition of Murray Goulburn will add to and complement the activities of its dairy division in Australia.
“By acquiring a well-established industry player, the company reinforces its commitment to strengthen its presence in the Australian market,” it says.
Saputo says it intends to continue to invest in its Australian platform and contribute to the ongoing development of its domestic and international business.
Saputo bought Warrnambool Cheese and Butter in 2014.
The sale includes all of MG’s assets and operating liabilities and is subject to approval from the Foreign Investment Review Board and the Australian Competition and Consumer Commission Saputo expects the transaction to close in the first half of next year.
MG produces a full range of high-quality dairy foods, including drinking milk, milk powder, cheese, butter and dairy beverages, as well as a range of ingredient and nutritional products, such as infant formula.
It supplies the retail and foodservice industries globally with its flagship Devondale, Liddells and Murray Goulburn Ingredients brands. Murray Goulburn has approximately 2,300 employees and operates eleven manufacturing facilities across Australia and China.
Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
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