Former Fonterra chairman John Wilson passed away this morning after a hard-fought battle with illness, the co-op announced.
New Zealand commodity prices are likely to feel downward pressure over the year, says ASB senior rural economist Nathan Penny.
Fonterra will offload its Farm Source livestock business to family-owned business Carrfields Livestock on March 1.
Fonterra’s farm gate milk price faces another revision following the Global dairy Trade (GDT) auction overnight.
Outgoing Zespri chairman Peter McBride and South Canterbury farmer Leonie Guiney have been voted onto Fonterra’s board.
Fonterra farmers are putting their co-op on notice over the decision to reduce milk price and not to pay any more dividend this year.