Fonterra confirms timeline for Lactalis deal and $2-per-share capital return
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra has copped a fair bit of stick from the Hound over the years. However, on this occasionyour old mate would like to give the dairy co-op some well-deserved praise.
It has changed a tanker collection time so that 35-year-old Andrew Oliver (one of about eight people in the world living with Fryns-Aftimos syndrome) can keep to his nightly routine of watching the tanker collect his dad Ken’s milk before going to bed at a decent time.
Apparently, Andrew, whose mental age is about six, would not go to bed until the milk tanker had been -- a problem when the collection time was 2am.
However, after his dad phoned Fonterra’s call centre to explain the family’s problem, the co-op decided to change its entire milk tanker schedule in the Te Rapa district to oblige.
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.
For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not been too badly affected by recent storms across the upper North Island.
South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower South Island regional manager Jared Stockman.
Following a side-by-side rolling into a gully, Safer Farms has issued a new Safety Alert.
Coming in at a year-end total at 3088 units, a rise of around 10% over the 2806 total for 2024, the signs are that the New Zealand farm machinery industry is turning the corner after a difficult couple of years.

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