Shareholders able to double investment in dairy giant
Fonterra shareholders will be able to invest in shares up two times their annual production rate, almost double that of current rates.
Fonterra shareholders will be able to invest in shares up two times their annual production rate, almost double that of current rates.
Fonterra has revealed details of its plan for dairy farmers to trade shares amongst themselves.
Fonterra is talking to its farmers this week about ways of allowing them to start trading in its shares.
The Chinese-owned company wanting to buy the balance of the Crafar farms would be the first vertically integrated dairy business in NZ.
Kiwis concerned about NZ farms being sold to foreign investors have no one to blame but themselves, writes Bernard Hickey.
Fonterra says revenues fell $300 million in the past half year, but that world dairy prices continue to recover.
New Zealand's dairy farms are getting dirtier - not cleaner, according to new research released today.
NZ researchers appear to be gearing up for a new bid to win over consumers before the first applications for release of GE pasture species.
Fonterra says it has lifted its "distributable profit" forecast by 5c for the current 2009-2010 season to between 40c to 50c a share - but isn't going to pass on this increase to its farmers.
A free trade deal with the highly protected Indian economy could mean big things for New Zealand agriculture exporters.