Farming
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* Fonterra has started construction on a UHT cream plant in Edendale, Southland. * The $150 million project will create 70 jobs and double capacity by 2030. * Production will meet growing Asian demand, starting with 50 million litres annually. Construction has officially begun at Fonterra’s new ultra-high temperature (UHT) cream plant
* Sunshine brought out crowds for Telford’s 2024 graduation and street procession. * Students celebrated in style, walking through Balclutha to their graduation ceremony. * Over 330 supporters joined the event, celebrating graduates' achievements in various programmes. Telford’s class of 2024 celebrated their graduation in perfect weather on November 28
* Fonterra raises FY25 Farmgate Milk Price midpoint to $10 per kgMS, citing strong demand. * Strategic investments include new UHT cream plant and protein production upgrades in New Zealand. * Q1 profit of $263 million reported, with focus on high-value products and operational efficiency. Fonterra Co-operative Group has raised the forecast Farmgate
Groundswell NZ’s campaign to stop the new District Plan in Gore from including sites and areas of significance to Maori stepped up a notch this week, with leaders presenting to council. Co-founders Laurie Paterson and Bryce McKenzie spoke to the Gore District Council on Tuesday about what they think
Farm plans have been a cornerstone of Southland’s environmental management, addressing contamination risks associated with farming activities. Agriculture Minister Todd McClay, Environment Minister Penny Simmonds, and Associate Environment Minister Andrew Hoggard stressed the importance of the extension in easing pressure on farmers. “Cabinet has agreed to provide more time
Alliance Group today announced a loss after tax of $95.8 million for the year ending 30 September 2024 (FY2023 $70.1m loss) on a turnover of $1.8 billion (FY2023 $2b). The loss includes one-off post-tax costs of $48.2m in relation to business restructuring costs and other one-off
* Fonterra confirms plans to divest its global Consumer and integrated businesses. * The Co-op raises its milk price forecast for the 2024/25 season. * Buyer interest highlights the value of Fonterra’s strong global business portfolio. Fonterra Co-operative Group Ltd has announced its decision to proceed with divestment options for its
The Government will move to add an amendment to the Resource Management Act Amendment Bill, currently before Parliament, which will restrict councils’ ability to notify freshwater plans before the gazettal of the replacement National Policy Statement for Freshwater Management, RMA Reform Minister Chris Bishop, Agriculture Minister Todd McClay and Environment