Tuesday, 20 September 2016 16:07

Shanghai Maling decision ‘sensible’

Written by 
Federated Farmers Meat & Fibre Chair Rick Powdrell. Federated Farmers Meat & Fibre Chair Rick Powdrell.

New Zealand will enjoy benefits from the approval for Shanghai Maling Aquarius to acquire a 50% ownership stake in Silver Fern Farms.

Federated Farmers Meat & Fibre Chair Rick Powdrell says it’s a sensible decision for the country and aligns the company better to service the needs of global markets in a modern world.

"New Zealand farmer-shareholders will continue to own 50% of the cooperative and will enjoy the benefits of access to the growing Chinese market,” says Powdrell.

"This is exactly what the farmer-shareholders wanted, with a majority voting last month for the deal to be approved.”

More like this

Bouquets

OPINION: Bouquets this week from the old mutt for Fed Farmers and Groundswell for continuing to resist the proposed Gore District plan and its intention to apply costly "cultural values" across the district and a raft of land classifications that are unworkable and counterproductive.

Featured

Top Maori Orchard On Show

A large crowd turned out for the last of the field days of the three finalists in this years Ahuwhenua Trophy to determine the top Maori horticulture entity in Aotearoa New Zealand

Labour Supports NZ/India FTA

National's decision to ‘dribble’ information about the NZ/India to Labour contributed to the delay in it deciding to supported the FTA.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Half A Brain

OPINION: When Donald Trump returned to the White House, many people with half a brain could see the results for…

Inconvenient Truths

OPINION: Media trust has tanked because of what media's more woke members do and say.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter