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In the News



PROFESSOR KEITH WOODFORD. Independent consultant. Scratching below the surface, it is evident Fonterra is rapidly building strength in foodservice but making slow progress in consumer products.

RICHARD WAKELIN. Beef+Lamb NZ GM for innovation. It’s the sort of farm where new-to-market, leading edge technologies will be put into practice.

AL MCCONE. WorkSafe agriculture sector lead. We think there [are] 20% who are just turning their back on the whole thing going, ‘we are not interested.’



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IN THIS WEEK'S ISSUE

16 October 2017

  • This Week... Canterbury-based milk processor Synlait, regarded by investors as a struggling business when it listed on the NZX in July 2013, has proved itself. Its shares have climbed by $3.50 or 110% in the past year and the share price broke through the $7 mark last week.
  • Dairy expert Keith Woodford has some questions about the success of Fonterra's value-add businesses. He says it is evident Fonterra is rapidly building strength in foodservice but making slow progress in consumer products.
  • Beef+Lamb NZ is looking for a farmer to work with it to showcase best practice and explore technologies. It is the first time such a project has been mooted for a sheep and beef property.
  • And Fonterra's bid for Aust’s embattled Murray Goulburn co-op succeeds, the NZ giant could become the major player in the Aust dairying industry. Fonterra Aust reported a $62m profit before interest and taxes for 2016-17 and said its assets were generating an 11% return on investment.

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