Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
A new governance and representation structure for Fonterra will be passed today.
Early voting figures showed more than 85% of farmer shareholders have approved reducing the board size to 11 — made up of seven farmer-elected and four independent directors.
About 100 farmer shareholders are attending a special meeting in Palmerston North today and will cast their votes soon.
Fonterra chairman John Wilson announced at the meeting that as at 10,30am today, 85.45% of farmers have voted in support.
The co-op needs 75% support to change its constitution.
The board’s last attempt to pass the changes attracted only 64% support.
Farmer-led charity, Meat the Need is calling for donations to enable it to supply more meals to families in need.
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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