Fonterra's 'survival' plan to combat declining milk supply

Fonterra's 'survival' plan to combat declining milk supply
A Fonterra tanker at the Te Rapa dairy factory.
Rebecca Howard
Fonterra’s board wants to protect the dairy cooperative from declining milk production but it remains to be seen whether farmers will be on board with its plan.Yesterday, Fonterra kicked off a consultation process that could slash the number of shares that farmers need to hold and cap or shut down the Fonterra Shareholders’ Fund.Federated Farmers national president Andrew Hoggard said farmers do agree with the need for change.“What I have been picking up from a lot of farmers is that it is time to relook at the structure,&rdqu...

More Primary Sector

Aussie firm buys shuttered Gisborne sawmill
Primary Sector

Aussie firm buys shuttered Gisborne sawmill

Millari Group plans to hire workers and spend $50m upgrading the closed mill.

Comvita profit out by $4m, not $2m
Primary Sector

Comvita profit out by $4m, not $2m

Embattled honey firm uncovers further financial irregularities.

Staff reporters 10 Feb 2025
Meet NZ’s top ‘fish cop’ Steve Ham
Primary Sector

Meet NZ’s top ‘fish cop’ Steve Ham

Protecting NZ’s fisheries resources is his life’s work. 

Jem Traylen 06 Feb 2025
Zhiqiang Li takes helm as acting CEO of Westland Milk Products
Primary Sector

Zhiqiang Li takes helm as acting CEO of Westland Milk Products

Zhiqiang Li has taken the helm as acting chief executive of Westland Milk Products, effective today.The move follows the resignation of former CEO Richard Wyeth.Li will continue as executive director of Yili Group in Australia and New Zealand.Li said Wyeth joined the company four...

Rebecca Howard 31 Jan 2025