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20 Oct 2025 18:04
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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.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     10 Oct: A warning to dairy farmers - to prepare for greater climate swings
     08 Oct: Dairy prices have fallen 1.6 percent at this morning's Global Dairy Trade auction
     29 Sep: Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott
     26 Sep: Fonterra doesn't see an end in sight, to the growing demand for dairy
     26 Sep: Most dairy farmers are now breaking even again, for now
     25 Sep: Fonterra's CEO says cheaper butter prices could be on the horizon
     25 Sep: Our largest company has been seeing profits surge, despite a period of contraction in the economy as a whole
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     Today's News

    Entertainment:
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    Soccer:
    Former Football Ferns skipper Ali Riley has appeared in what's likely to be the final football game of her career before retirement 17:37

    Entertainment:
    Snoop Dogg has stressed that he is an ally of the LGBTQ+ community 17:30

    Rugby:
    Kiwi squash pro Paul Coll isn't taking any win for granted 17:27

    Entertainment:
    Reese Witherspoon wanted a skilful woman at the heart of her debut novel 17:00

    Environment:
    Wild weather is sweeping up from the south - with heavy rain and strong winds disrupting travel - and electricity supply 16:57

    Entertainment:
    Katy Perry enjoyed a break from her Lifetimes Tour at The London Cabaret Club this week 16:30

    Rugby League:
    Samoa are on the hunt for replacements after their bruising 24-18 Pacific Championship loss to the Kiwis at Mt Smart 16:17

    Education:
    Why claims of ‘transformational’ school reading improvement are premature 16:07

    Swimming:
    Australian Olympic champion Kaylee McKeown breaks world short course record 16:07


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