Some serious soul searching and a changing of the guard has seen it curb its international ambitions to focus on New Zealand-produced milk, a strategy that appears to be working.
After today’s terrible GDP figures, the market could use some good news and Fonterra’s likely return to profit should provide some.
Farmer-suppliers have had a pretty good run of it in recent years with a decent milk price, but regulatory costs and the weird weather of late will be weighing on minds and on balance sheets, so the commentary that comes with the result will be closely scrutinised.
The world is in a strange state right now and some certainty wouldn’t go amiss.
Four starters vie for two Fonterra seats
Fonterra has four strong candidates for two positions as farmer directors, one of which is a vacancy to be left by retiring chair John Monaghan.
More work ahead for rural broadband
Federated Farmers’ latest rural broadband survey has highlighted some of the cracks in the country’s rural network that opened under the stress of the covid-19 lockdown.
Cannabis advocate on benefits of legalisation
The politician advocating for the legalisation of cannabis expects a yes vote at this year’s referendum will change the way people use the drug.
Forest tech compromised by timber prices
Options for adding value to timber using biofuel technology have been welcomed as well-intentioned but unattainable unless significant changes are made to the sector’s ability to compete globally.
Turning agritech strategy into reality
Agritech in New Zealand is at the beginning of a new chapter, which for Peter Wren-Hilton is a good time for someone else to take over the day-to-day running of the organisation he helped establish, so he can devote more time to working in the sector rather than on it.