News | Rural
9 Jan 2026 22:15
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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
     26 Dec: Some good news on the horizon for cattle and sheep farmers
     19 Dec: The Reserve Bank's weighing in on the Fonterra deal
     12 Dec: Dairy farmers are being warned they'll be taking a cut in earnings, due to falling global dairy prices
     04 Dec: Fonterra is getting closer to selling off its consumer brands like Anchor and Mainland
     03 Dec: The fall in global dairy prices continues
     01 Dec: A number of farms are converting to dairy, but cow numbers still lag behind previous peaks
     28 Nov: Farmers are turning out more milk with fewer cows
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