Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
The Government inquiry into Fonterra's botulism contamination must examine the impact budget cuts at the Ministry for Primary Industries had on the food scare, Labour's Primary Industries spokesperson Damien O'Connor says.
"The draft terms of reference should be expanded to include looking at whether there was reduced oversight of food safety because MPI had its budget slashed by $26 million," says O'Connor.
"It also needs to examine whether the super ministry, formed last year, had the capacity to deal with such a disaster for our exporters."
O'Connor says the inquiry must be truly independent.
"There is no guarantee the separate inquiries being conducted by MPI and Fonterra will be completely independent when they may be implicated in wrong doing over the way the contamination was handled."
It is important the inquiry is completed as quickly as possible, O'Connor says.
"Our international reputation is on the line and the longer this inquiry takes, the longer questions hang over the quality and safety of New Zealand's food exports."
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
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.