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24 Oct 2025 5:38
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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
     22 Oct: Fonterra's announced a 75-million-dollar investment to expand butter production at its South Canterbury Clandeboye site
     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
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