News | Rural
23 Feb 2026 17:21
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  •   Home > News > Rural

    The Prime Minister's in favour of Fonterra's selling Anchor, Mainland and Kapiti - but says it's not his decision

    The Prime Minister's in favour of Fonterra's selling Anchor, Mainland and Kapiti - but says it's not his decision


    Fonterra
    Fonterra
    If shareholding farmers vote Yes - giant French company, Lactalis will pay 4.2 billion dollars for the brands.

    NZ First's Winston Peters told farmers to reject the deal - and hinted at increasing regulation.

    But Chris Luxon says although politicians can have a view, it's up to farmers.

    He says the consumer brands business isn't as profitable as the ingredients business - so it makes sense to sell.

    © 2026 Newstalk ZB, NZCity

     Other Rural News
     20 Feb: Fonterra is raising its forecast payout to farmers, following the latest rise in global dairy prices
     20 Feb: Fonterra's announced an extra dividend for farmers - as it pushes ahead with the sale of its consumer arm
     19 Feb: Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion
     18 Feb: Dairy prices have risen another 3.6 percent at this morning's latest Global Dairy Trade auction
     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     22 Jan: Fonterra's taking its growing organic business south for the first time
     15 Jan: Potential for a dairy price recovery
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     Today's News

    Business:
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    Entertainment:
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    Motoring:
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    Moana Pasifika are on the hunt for a new venue for their round nine Super Rugby match against the Chiefs 15:57

    Law and Order:
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