Iwi leaders have rejected the government’s plans for a new Māori working group on fresh water management. BusinessDesk's Gavin Evans reports.
Fonterra Cooperative Group's new chair John Monaghan says the dairy giant's biggest challenge is to change the law which forces it to accept milk from any farmer and sell it to rivals at a subsidised price, according to a report in Dairy News.
A temporary share trading halt by Fonterra has been followed by an announcement that farmers will be unlikely to get a final dividend payout. Reality is finally biting for the company thanks to fundamental flaws in culture and strategy, says Rod Oram.
Fonterra Cooperative Group doesn't expect to pay a final dividend this year in an effort to bolster its balance sheet after paying Danone over the 2013 botulism scare and writing down its Beingmate Baby & Child Food investment.
Fonterra Cooperative chair John Wilson has stood down from the role heading the country's largest dairy processor with immediate effect as he recovers from a "serious health scare".
As New Zealand kicks off a new dairy season, a leading dairy brokerage is feeling bearish about the outlook as concerns mount about the impact of US President Donald Trump’s trade war, resulting in tit-for-tat tariffs that are likely to hike costs and dampen demand.
Dairy product prices fell at the Global Dairy Trade auction, as slides in rennet casein and butter outweighed a surprise gain in whole milk powder.
Dairy factories mostly use coal to power the boilers needed to dry milk into powder. Synlait is taking the plunge to install an electricity-powered boiler. It will be the first of many. Gavin Evans explains why that matters.
Unexpectedly weak prices for whole and skim milk powder at this week's Global Dairy Trade auction have seen market participants pile into a record volume of dairy derivatives on the NZX, with most of the jump in options to buy or sell the products.
A2 Milk Co's new managing director and chief executive Jayne Hrdlicka will start on July 16, replacing Geoff Babidge who had been in the role since 2010.