Confidence in long-term market-led strategy
Farmers should have confidence in the long term value of Silver Fern Farms market-led strategy.
Shanghai Maling's investment of $360m into Silver Fern Farms in return for 50% ownership is a game changer into a complex market, says SFF chief executive Dean Hamilton.
The can bring some real value to the company on a number of fronts, he told a China Business Summit in Auckland today. They are 38% owned by Bright Food, one of the largest food conglomerates in China.
"We visited an enormous inland customs clearance business in the middle of Shanghai which is very exciting for us in terms of our ability to bypass the port clearance system so we think that will give us a quite exciting opportunity," Hamilton said.
"Secondly Shanghai Maling have the largest fresh pork distribution business in Shanghai so they know how to handle chilled product, they have their own trucks. So in terms of partnering with someone who understands that part of the supply chain, we believe that has got great opportunity.
"Thirdly between themselves and Bright they have over 6000 supermarkets. So trying to get in into a very complex part of the end market, the opportunity to leverage those supermarket will put us in a unique position."
Fourthly they have a direct to home business now, he said.
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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