Fonterra farmers 'should be pleased with progress' after record loss, says chair

Fonterra farmers 'should be pleased with progress' after record loss, says chair
Paul McBeth
Fonterra Cooperative Group’s new strategy of extracting maximum value from local milk pools appears to have the backing of its farmer shareholders for now.About 200 Fonterra shareholders made the trek to Invercargill for the company’s annual meeting, where the cooperative’s biggest loss and consequent plans to overhaul the business were the key themes.Chair John Monaghan and chief executive Miles Hurrell ran through the 2019 financial numbers that the Fonterra farmers were familiar with and outlined the new strategy ditching the pursuit of glob...

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Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025