The windfall Pāmu could cream from Fonterra’s Mainland Sale

Pāmu chief executive Mark Leslie. (Image: Supplied)

Mon, 01 Sep 2025

The country’s state-owned farming operation could be in for a nearly $10 million windfall should the Mainland Group deal get the green light.Pāmu, officially known as Landcorp, is a large supplier to Fonterra Co-operative Group, as well as various other independent processors, such as Miraka and Synlait Milk.Last week, Pāmu reported significantly improved financial results with a net operating profit of $49m, a leap of 145% compared with the previous year, and set itself a target of $100m by 2030.The returnAt its half-year balance date, o...

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