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The Latest Breaking News from Fonterra

Today from The Detail: It's very valuable but you can't buy it, and if you lose it there can be serious consequences. Why a social licence to operate is now a must for corporates.

Newsroom.co.nz

Butter wars: ‘nothing cures high prices like high prices’ – but will market forces be enough?

The alarming rise of butter prices has become a real source of frustration for New Zealand consumers, as well as a topic of political recrimination. The issue has become so serious that Miles Hurrell, chief executive of dairy co-operative Fonterra, was summoned to meetings with the government and opposition parties…

The Conversation

NZ’s dairy industry faces an uncertain future – its fate now lies in its ability to adapt

New Zealand’s dairy sector faces an uncertain future due to several challenges, including water pollution, high emissions, animal welfare concerns and market volatility.

The Conversation

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Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?

Fonterra caught the business world by surprise last week with plans to sell off its consumer brands and businesses – including supermarket mainstays such as Anchor, Fresh'n Fruity and Mainland. The move has been described as the “most dramatic major structural change” in the company’s 23-year history.

The Conversation

Dairy farmers concerns at Fonterra's 'step change'

Dairy farmers say the news that dairy giant Fonterra is considering selling its Australian processing assets creates industry uncertainty.

AAP

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production

The Guardian - UK

The Māori climate activist breaking legal barriers to bring corporate giants to court

In a landmark case, Mike Smith has won the right to sue seven of the country’s biggest companies over their alleged contributions to climate change

The Guardian - AU

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Restoring ecosystems to boost biodiversity is an urgent priority – our ‘Eco-index’ can guide the way

Biodiversity continues to decline globally, but nowhere is the loss more pronounced than in Aotearoa New Zealand, which has the highest proportion of threatened indigenous species in the world.

The Conversation

Revolutions in farming and food must inspire Fonterra farmers to move faster

Talking to dairy farmers after the co-op announced new on-farm emissions targets at its AGM in Methven, Rod Oram describes the fear that climate action triggers for many.

Newsroom.co.nz

Fonterra's new goals to cut farm emissions still lag its biggest customers

The dairy co-op could offer incentives to its farmer suppliers to meet new intensity targets for greenhouse gas emissions reductions, writes Rod Oram.

Newsroom.co.nz

'Devastated': Supie's Sarah Balle and her battle with the brands

The Grocery Commissioner is warning influential suppliers that their 'undesirable behaviour' could force him to impose a new wholesale code of conduct, as independent retailer Supie goes bust owing $3 million. Jonathan Milne reports.

Newsroom.co.nz

Pay deal averts six-day strike by dairy workers

A deal between a major milk processor in Victoria and the union representing milk workers over pay and conditions has halted a planned strike.

AAP

COP28 will be the most consequential UN climate talks yet

The Food and Agriculture Organisation of the UN will play a leading role promoting the switch of food and agriculture practices from being a primary cause of the climate crisis to major solutions, reports Rod Oram

Newsroom.co.nz

Victorian dairy workers say they want to ‘keep communities alive’ amid industrial dispute

Processing workers who went on strike this week were fighting for the right for community consultation, as well as a 5% pay rise

The Guardian - AU

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AAP

Supermarkets deny milk shortages as strike continues

Coles and Woolworths have rejected reports of milk shortages as 1400 dairy processing workers continue their strike for better pay and conditions.

AAP

Dairy workers walk off the job over pay, conditions

More than 1400 workers demanding improved wages and conditions are walking off the job at 13 sites across Victoria.

The Guardian - AU

Woolworths working on ‘contingency plans’ for milk supply as Victorian dairy workers strike

Some truck drivers walked off the job on Tuesday, ahead of planned strike of 1,400 workers

AAP

Dairy workers to walk off the job for better pay

Victoria's dairy industry is reassuring consumers ahead of a two-day strike by more than 1400 workers for improved wages and working conditions.

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The Conversation

New Zealand’s carbon emissions are on the way down – thanks in part to policies now under threat

It may have been largely overlooked in the election debates, but New Zealand’s greenhouse gas emissions are finally on the way down.

Newsroom.co.nz

Defining issues: 'I don’t think we have a rural divide, I really don't' – dairy farmer

From the big city to the farm, we measure the rural-urban divide

The Independent UK

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought

Newsroom.co.nz

Tone of election to be revealed in big data week

A slowing economy expected out of GDP, trade and consumer confidence

Newsroom.co.nz

Canadian diplomacy curdles when it comes to milk

A dairy dispute between New Zealand and Canada has both claiming victory, reports Andrew Bevin

Newsroom.co.nz

NZ wins hard-fought victory over Canada in dairy trade dispute

The time and cost of forcing 'the world's friendliest nation' to comply with the rules of new trade deal bode ill for when more intransigent countries like the UK or China dig in their heels, argues Jonathan Milne.

Newsroom.co.nz

Red bands in the black but, above the line, Fonterra puts farmers in red ink

Brace for impact as markets tumble on renewed central bank warnings, and Fonterra lowers its farmgate milk price forecast for the second time in a fortnight. Andrew Patterson reports.

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