A new bill detailing proposals to oversee Fonterra’s farm gate milk price setting and ensure a more transparent and efficient dairy market was tabled in Parliament today by Primary Industries Minister David Carter.
“Because of Fonterra’s dominance in the New Zealand market, the price it pays its farmers for milk at the farm gate effectively becomes [...]

Fonterra announced Tuesday it has signed an agreement with the Government of Yutian County of China to develop a new dairy farm in Yutian County, Hebei Province. The US$40 million investment is Fonterra’s third dairy farm in China and is the next step in its strategy to build a high-quality, sustainable fresh milk supply for [...]

According to a report carried by the New Zealand Herald Monday, Natural Dairy NZ Holdings, the Hong Kong Company blocked from buying the Crafar farms last year, has started selling New Zealand-made dairy products in China after UBNZ Funds Management was granted approval to export.
Natural Dairy told the Hong Kong Stock Exchange that it sold [...]

Futurestep, a Korn/Ferry company Tuesday announced that it has been re-engaged by Fonterra, the world’s largest diary exporter and New Zealand’s largest employer, to provide Recruitment Process Outsourcing (RPO) and consulting services over the next five years commencing April 1st.
The new contract marks the continuation of a long-standing relationship with Futurestep and Fonterra. For six [...]

The Chinese firm leading the Crafar farms bid is yet to lodge an acquisition application with New Zealand’s competition watchdog, the Overseas Investment Office. According to the New Zealand Herald, the company is still more than two weeks away from lodging its application with the OIO. The situation contradicts the firm’s earlier announcement that it [...]

Synlait Milk will acquire all of Oceania Dairy Ltd’s assets.  Synlait announced Monday it has entered into an agreement to acquire all assets of Oceania Dairy Limited. The acquisition regards land and consents in South Canterbury, in addition to milk contracts. The investment is expected to increase the number of farms supplying Synlait with milk [...]

The New Zealand Superannuation fund Wednesday announced it had acquired a dairy asset in West Otago, subsequently appointing FarmRight as its investment manager. FarmRight will thus manage the dairy property for the fund, a move the Superannuation fund said marks its first concrete steps in executing its Rural Land strategy.
The dairy property is in West [...]

NZ Herald reports Hong Kong firm Natural Dairy has flopped in its plans to buy the Crafar farms. Natural Dairy, together with its New Zealand sister firm UBNZ Asset Holdings have been engaged in a long protracted battle to acquire the Crafar empire. The Chinese company was to buy the 16 Crafar farms for $200 [...]

The New Zealand Herald Monday reported the Chinese led bid for Crafar bid may just be in tatters. The Chinese bid for a dozen of the Crafar dairy farms yet again encountered another blow. In a string of challenges and hurdles, the Chinese bidders for the Crafar Empire faced questions over the value of their [...]

A US varsity is to buy a New Zealand dairy farm for a consideration of $28 million. Harvard University, based in the US will undertake the investment in New Zealand amidst new rules regarding overseas investments ready come into play. Officials and would be overseas investors are preparing for the new regulations regarding foreign direct [...]