15th October 2021 China / Dairy / Exports / Fonterra / Foodservice / Indonesia / Malaysia
Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.
The company’s new CEO Nick Hammond talks culture, scale-up challenges, China, and the prospects for growth.
Fonterra is offloading its two joint venture farms in China to Singapore-based AustAsia Investment Holdings for $163m.
The Vegan Society Aotearoa New Zealand is questioning the need for dairy exports as the industry’s affect on the environment continues to be in the spotlight.
Dinuka and Nadeeka Gamage were announced winners of the region’s Share Farmer of the Year category.
An investigation in 2019 found breaches of minimum employment standards in relation to 24 workers.
Southern Pastures has entered into a three-year $50m sustainability-linked farm loan with BNZ and its syndicate.
The announcement follows Richard Wyeth’s departure in October.