'The world wants what we've got' – but challenges aplenty for Fonterra

'The world wants what we've got' – but challenges aplenty for Fonterra
Fonterra's AGM was a hybrid meeting due to covid-19 restrictions. (Image: BusinessDesk)
Rebecca Howard
Fonterra executives agree the outlook for New Zealand milk is strong but aren’t downplaying the challenges ahead and say the pending vote on the new capital structure is key. “The future for New Zealand dairy is exciting. But we are not being naïve about the very real challenges we all have in front of us right now,” chair Peter McBride told the annual general meeting at the ILT Stadium in Invercargill.Chief executive Miles Hurrell was also positive.“The fundamentals of dairy – in particular, New Zealand...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

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

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
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