Fonterra Cooperative Group chief executive Theo Spierings said he’s determined not to allow the dairy cooperative to fall below its current 87 percent share of the New Zealand milk pool, despite increased competition for supply. Spierings fronted up to the media this morning after widespread criticism of the dairy cooperative’s management performance following a weak half-year financial result, lower forecast dairy …

NBR Rich Lister Diane Foreman’s Emerald Group has sold its ice-cream manufacturing subsidiary to a foreign collective for an undisclosed sum. Hong Kong-based Emerald Foods Group (HK) bought 100 percent of the shares in Foreman’s Emerald Foods subsidiary on June 3, according to Companies Office filings, completing an acquisition that had been approved by the Overseas Investment Office in April. The …

Increased milk production and a higher forecast payout to dairy farmers for the upcoming season should bolster the New Zealand economy by $1.8 billion, according to AgriHQ. The AgriHQ NZ milk production predictor forecasts growth of about 2.5 percent to 1,930 million kilograms of milk solids for the 2015/16 season, following 3 percent growth in the 2014/15 season. The expectation …