Sale and leaseback plan on table as Mainland Poultry’s losses mount

Mainland Poultry produces a third of the country’s egg production under the Farmer Brown and Woodland brands. (Image: Farmer Brown)

Denise McNabb

Fri, 05 May 2023

Rising egg production costs ahead of a ban on caged battery hens from January this year and grain price increases have hit the country’s largest egg supplier Zeagold Nutrition hard, with payments to suppliers rising by $35 million between 2019 and 2022.Zeagold, the trading entity for Mainland Poultry, produces a third of the country’s egg production under the Farmer Brown and Woodland brands.The latest overdue accounts filed to March 2022 show a $20.5m increase in supplier costs from the previous financial year alone to $170.9m.The...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Law & Regulation

We're gonna need a smaller boat: emission targets

A plan to install 10,000 EV chargers by 2030 won't shift the dial in the short term.

Greg Hurrell 5:00am

Technology Free The Business of Tech podcast

Tech in 2024: what happened and what’s next

Four journalists talk about the biggest news of 2024 and what 2025 could bring.

Ben Moore and Peter Griffin 5:00am

Tech in 2024: what happened and what’s next

Opinion

Peter Griffin: Microsoft’s shiny new NZ datacentre

NZ is a sort of experiment demonstrating the role of high-capacity infrastructure.

Peter Griffin 5:00am

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

Sponsored

Boost worker health, boost results

Research shows flexible workspaces improve health and productivity

Regus

More Primary Sector

Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 5:00am

Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024