News

Collaboration between Zespri and T&G

Zespri and T&G today signed a Memorandum of Understanding confirming their intention to work together to create value for their respective growers and shareholders. Zespri chairman Peter McBride and T&G global chairman Professor...

Beijing seeks to restrict formula brands

New Zealand's infant formula industry is facing further upheaval as China moves to tighten the screws on regulations for exporters of the lucrative dairy product.Under proposed new rules submitted to the World Trade Organisation...

Synlait cuts milk price forecast

Synlait Milk has cut its farmgate milk price forecast for this season to $4.20 a kg of milksolids from $5.00 a kg.The Rakaia-based company said low international prices were behind the move, which follows Fonterra cutting its farmgate...

OIO approves Dairy Farms $47m buy of 5 Southland farms

Dairy Farms NZ has cleared Overseas Investment Office approval for the $47 million purchase of five central Southland dairy farms ahead of a further capital-raising and eventual listing on the New Zealand sharemarket.Dairy Farms...

New ideas battle dairy slump losses

Bay of Plenty manufacturer Kliptank has been developing innovative new products in response to the pressure on sales caused by the dairy slump, says general manager Simone Gibson.The Tauranga company was the first in New Zealand...