Podcasts about Fonterra

This large-scale dairy farmer and a founding director of Fonterra wants to upscale dairy production by 50% within the next decade. And he’s mentoring some young industry leaders who he says will lead the charge.See omnystudio.com/listener for privacy information.

Fonterra’s President Global Ingredients reviews last night’s disappointing GDT Auction (- 4.3%, whole milk powder down 5.3%, skim milk powder down 5.8%).See omnystudio.com/listener for privacy information.

ACT Party Leader David Seymour has set the cat among the pigeons, or the Huntaway among the cattle, by calling for New Zealand to withdraw from the Paris Agreement. The Paris Agreement is a pact that's part of the UN's framework convention on climate change, which started in 1992 with the Rio Earth Summit. The main goal of the Paris Agreement is to keep long-term global temperatures from warming 1.5 degrees Celsius above pre-industrial times, and if not that, then well below 2 degrees Celsius by slashing planet-warming emissions from coal, oil, and gas. It's not working, the numbers are still too high, but who knows what they would have been had the Paris Agreement not been in place. It works as a binding but voluntary programme for the member countries. Every five years, countries are required to submit a goal or a plan for what it will do about heat-trapping emissions of carbon dioxide, methane, and other gases. And these goals are supposed to get more ambitious every five years – you're supposed to improve on what you did last time. The countries themselves decide what's in those goals, and there is no punishment for countries who miss the goals. Despite this, despite the fact that there are no teeth and no punitive measures if you don't meet the self-imposed targets, ACT says that the Paris Agreement needs to change, or New Zealand needs to leave. David Seymour says it demands targets that are disconnected from science and blind to New Zealand's realities. Net zero targets have been set without regard for the real cost to firms, farms, and families, they say, so they want New Zealand out, like the US. “At the moment, we face being punished for being a methane-heavy economy. I think it's about time that we, perhaps along with like-minded nations, I'm thinking South American nations like Uruguay that have a lot of livestock, also a lot of Southeast Asian nations which produce a lot of rice, which it turns out actually produces a lot of methane – we should be going to Paris saying, "hang on a minute', instead of our government officials making representations to the public that pay them on behalf of these global institutions, maybe they should actually be going on our behalf overseas to say, ‘you guys need to give a fair deal to methane-heavy economies,' because methane's a very different gas. It has a much different effect on climate because it breaks down over time, and therefore that scientific reality needs to be recognised.” So that was David Seymour talking to Heather du Plessis-Allan last night. Prime Minister Christopher Luxon says it's not going to happen; we're not going to leave. It would only hurt and punish and damage our farmers. He says our competitor countries would like nothing more than to see New Zealand products off the shelves, and he added that, having worked in multinationals, the companies would just move to another supplier, a more public-friendly, a more agreeable, a more green-friendly supplier. He does have a point. Well, both men have points, really. David Seymour is quite right in that methane is a different sort of a gas, that New Zealand does it the best in the world. New Zealand produces food better than anybody else in terms of accounting for climate change targets and goals. But Christopher Luxon has a point too, because green and social accounting is part of global financial reporting. We're seeing it right down to the smallest business in New Zealand. Your bank wants to see you committing to various environmental targets, goals, achievements. If you don't, the money comes at a higher rate. And it's the same for them. Their masters, their overlords, want to see that the banks themselves have required their clients to commit to environmental goals. It's absolutely entwined within the way the world does business. I don't know how you can separate one from the other. It would be very easy for New Zealand to be made an example of, far harder for the US because it is a global powerhouse. Notwithstanding Modi, Xi, and Putin all getting together to try and form another cabal or block of power, but the US is too powerful to punish. Were we to say, "You know what, we're out," it would be very, very easy for us to be made an example of. We're small, quite loud, there would be some people around the world who would have heard of us, so if we're made an example of, it would only hurt us. Nobody else would care. Furthermore, Christopher Luxon says that New Zealand has taken farming out of the ETS, the Emissions Trading Scheme, and promises there'll be an announcement on methane targets in the very, very near future. So where do you stand on this one? As I'm aware, farming as an industry and farming as a science is constantly working to improve efficiencies in the way they do things. Our scientists and our ag researchers are working overtime to try and bring down any harmful gases caused in the manufacture of food. Farmers are implementing all sorts of measures, and if they don't, they're off the books. They are no longer clients of places like Fonterra. So you have to meet really high standards before you can consider yourself a farmer in the modern age. I would have thought farming as an industry understood the global realities, given that they are a major global player. See omnystudio.com/listener for privacy information.

One of our leading primary sector academics says, "It's the margin, Stupid". We discuss profitability, supermarket competition and whether Fonterra should be selling its consumer brands business.See omnystudio.com/listener for privacy information.

The co-founder of Groundswell applauds Seymour's decision. But what about Fonterra's? See omnystudio.com/listener for privacy information.

Today's brother and sister farming panel discuss calving and whether Fonterra should be selling its consumer brands. See omnystudio.com/listener for privacy information.

The Prime Minister ponders the positive effects Fonterra’s $3.2 billion capital return sugar hit could have for the rural economy. Plus, whether he overstepped the mark by chewing the ear of the Reserve Bank? We also ask what an acceptable economic growth rate is, and whether Todd McClay wasted his time talking tariffs in Washington. See omnystudio.com/listener for privacy information.

Brandt’s director of sales, New Zealand – agriculture, on how Fonterra’s $3.2 billion capital return will affect the rural supply industry.See omnystudio.com/listener for privacy information.

This episode of The Vet Chat NZ features a new host, Sue Campbell, who is covering for Ellen while she is on maternity leave. Sue talks with Mike Shallcrass, Fonterra's Veterinary Programme Manager, about why efficiency is so critical for New Zealand's dairy industry. From improving reproductive performance and reducing disease, to harnessing accurate data and improving genetic merit, Mike shares practical ways vets can help farmers to improve efficiency and concurrently reduce emissions. Learn how market demands, greenhouse gas targets, and the “co-operative difference” are shaping the future of dairy — and why vets are perfectly placed to lead the change on farm. Packed with actionable insights, this is a must-listen for veterinary professionals wanting to stay ahead in an evolving industry.

On the Heather du Plessis-Allan Drive Full Show Podcast for Tuesday, 26 August 2025, we're one step closer to a referendum on four year terms. But do we have the right safeguards in place to protect us from rogue Governments and bad decisions? Australia's Channel Nine Chief Political Editor Charles Croucher has the latest on news that Iran has been accused of orchestrating antisemitic attacks in Australia. Fonterra's consumer arm, Pic's Peanut Butter, now Eventfinda - foreign investors are lapping up Kiwi businesses. What's making us so attractive to overseas buyers? Lincoln University's Chad Hewitt explains why they're making a whole class defend their assignments because many of them are suspected of cheating with the use of AI. Plus, the Huddle debates four year terms and whether Universities need to change their approach on AI in exams. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Chairman of Fonterra on the Lactalis deal.See omnystudio.com/listener for privacy information.

Guzman y Gomez’s shares have tumbled 18% after its sales growth falls short of its big expectations. Fonterra sells off its Mainland cheese and butter brands to the French dairy giant Lactalis in a $3.8 billion NZD deal. Inghams shares have taken a roasting as its profits slumped due to a breakdown in its relationship with Woolworths. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__ Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.See omnystudio.com/listener for privacy information.

In today's episode, house prices remain stuck despite lower interest rates giving first-home buyers a win, while leaving property owners gnashing their teeth; Thousands of people are opting to pay for their own colonoscopies as wait times blow out on the public system; A small business owner in Wellington says she's facing losing a fifth of her income, after New Zealand Post suddenly suspended shipping to the United States; Farmers look to be backing Fonterra's multi-billion dollar move to offload its well-known retail names; We cross the Tasman to get the latest from Kerry-Anne Walsh.

Farmers look to be backing Fonterra's multi-billion dollar move to offload its well-known retail names. Foundation member of Fonterra Greg Gent spoke to Corin Dann.

Yesterday Fonterra announced plans to sell its consumer businesses to global dairy giant Lactalis. The sale price? $3.845 billion.

The sale of Fonterra's consumer business to global dairy giant Lactalis could put hundreds of thousands of dollars into kiwi farmers' accounts. But it's unlikely to affect consumers' hip pockets. The $3.8 billion sale includes major brands such as Mainland and Anchor - and also processing operations in Australia and Sri Lanka. Alexa Cook reports.

Fonterra has agreed to sell its consumer businesses to French multinational dairy company Lactalis - the world's largest dairy outfit. The proposed $3.8 billion sale still requires approval from Fonterra shareholders and if it goes ahead, would include Mainland, Anchor, Kapiti ice cream and milk powder brand Anlene. Forsyth Barr Senior Analyst Matt Montgomerie discusses with Emile Donovan.

Tonight, on The Panel, Wallace Chapman is joined by panellists Boopsie Maran and Alan McElory. First up, "good things take time" ... much like the lead up to Fonterra's descision to sell its consumer businesses to global dairy giant Lactalis for $3.8 billion. The Panel talks to Fonterra Co-operative Council chair John Stevenson . Also: Electricians are feeling the pinch, with trainee sparkies struggling to get work, the Panel talk to Peter Couchman the General Manager of Wellington's Seven Electrical.

Fonterra is confident farmers will vote to sell major brands like Anchor and Mainland. It's reached a deal to sell its consumer and associated businesses to French dairy giant Lactalis for $3.845billion. The deal still needs the approval of shareholders. Fonterra Chief Executive Miles Hurrell told Heather du Plessis-Allan that the offer is above expectation, and there will be a $2 capital return per share. He says, while the public have a strong emotional connection with the brands - the feedback has been positive. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fonterra’s chief executive discusses the co-op’s agreement to sell its consumer and associated businesses to French food group Lactalis for $3.845 billion.See omnystudio.com/listener for privacy information.

On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 22 August 2025, Fonterra's agreed to one of the biggest ever deals in NZ business history. Chief Executive Miles Hurrell tells Heather why he's selling Anchor, Mainland and co for almost $4 billion. Police Minister Mark Mitchell explains how a big tech upgrade will allow first responders to find your location if they have concerns for your NZ Rugby chair David Kirk explains where you'll be able to watch the rugby next year after signing a new five year deal. Plus, the Sports Huddle debates whether the player exodus from the ANZ Championship will hurt NZ's netball futures. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

The Premier flags the potential for more drought relief for South Australian farmers, dairy giant Fonterra to sell its brands to French company Lactalis for nearly $3.5billion, and conservationists concerned about the decision to halt environmental water flows in NSW.

A new dairy mega deal as Fonterra sells to Lactalis 

Fonterra is confident farmers will vote to sell major brands like Anchor and Mainland. It's reached a deal to sell its consumer and associated businesses to French dairy giant Lactalis for $3.845billion. The deal still needs the approval of shareholders. Fonterra Chief Executive Miles Hurrell told Heather du Plessis-Allan that the offer is above expectation, and there will be a $2 capital return per share. He says, while the public have a strong emotional connection with the brands - the feedback has been positive. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fonterra’s MD of Co-op Affairs comments on the increased 2024/25 season forecast Farmgate Milk Price - from $10.00 per kgMS to $10.15 per kgMS, with the range narrowing from $9.70 - $10.30 per kgMS to $10.10 - $10.20 per kgMS. Fonterra has also retained the $10.00 per kgMS forecast for the current 2025/26 season and narrowed the range from $8.00 - $11.00 per kgMS to $9.00 - $11.00 per kgMS.See omnystudio.com/listener for privacy information.

Fonterra has increased its farmgate milk price forecast for the 2024/25 season to $10.15 per kg of milksolids from $10.00/kg, and has narrowed its forecast range for the current season. The forecast range for 2024/25 has narrowed from $9.70-$10.30 per kilo of milk solids (kgMS) to $10.10-$10.20/kgMS, with the final price to be released alongside the co-op's final result, due in September. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fonterra has increased its farmgate milk price forecast for the 2024/25 season to $10.15 per kg of milksolids from $10.00/kg, and has narrowed its forecast range for the current season. The forecast range for 2024/25 has narrowed from $9.70-$10.30 per kilo of milk solids (kgMS) to $10.10-$10.20/kgMS, with the final price to be released alongside the co-op's final result, due in September. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fonterra’s CFO reviews another (relatively) good GDT Auction over night (down 0.3%, WMP + 0.3%) with good interest from China, SE Asia and the Middle East.See omnystudio.com/listener for privacy information.

In this episode of the EV Quest podcast, Adrian and Riz discuss the latest developments in the electric vehicle market, including the impressive pre-orders for the Zeekr 7X, government taxation on EVs,  and the new electric tanker for Fonterra. They also touch on Ford's plans for affordable EVs and the competitive landscape of the EV market in Australia and New Zealand.

Fonterra's Managing Director of Co-op Affairs reviews another positive GDT Auction overnight (plus 0.7%, WMP + 2.1%).See omnystudio.com/listener for privacy information.

The bitter battle over butter prices topped the news agenda this week, prompting a ‘please explain' from the finance minister to Fonterra. Are media are missing the main point? Also: pundits say Sky buying Three for $1 strengthens its on-screen sport play - but the cash Saudi Arabia's suddenly splashing could change the big picture.Read more about this episode of Mediawatch on the RNZ websiteIn this episode:01:00 The price has been rising for months, but all of a sudden the bitter political battle over butter became bulletin-leading stuff this week. Did the media miss the point by zeroing in on this - and the political posturing?17:25 Pundits reckon Sky buying Three strengthens Sky's stranglehold on the top sport it sells to subscribers. But this week The Herald reported TVNZ bidding for next year's FIFA World Cup and the upcoming Olympics as well. But globally, Saudi Arabia's sticking stacks of cash into sport and broadcasting right now. A journalist who's just seen that play out in the US says that could change the picture worldwide - and here:Learn more:Guests: Liam Dann, Adam LeventhalIf you have any thoughts for us - or ideas for us to follow up - get in touch. E-mail mediawatch@rnz.co.nz. You'll also find us @MediawatchNZ on X.Follow Mediawatch and listen on Apple Podcasts, Spotify or any podcast app to make sure you never miss an episode.Find more RNZ Podcasts at the new section of the RNZ website at rnz.co.nz/podcastsGo to this episode on rnz.co.nz for more details

What's the news? Fonterra has announced an On Farm Services incentive programme for qualifying farmer-shareholders. The scheme allows farmers who meet their cooperative difference standard, a baseline performance and efficiency standard, to receive what is effectively a $1,500 yearly subsidy to invest in on-farm technology or services. Ranges from animal performance tools from genetics companies, as well as pasture and data optimisation tools, and on-farm planting to improve carbon sequestration. Pasture Management: Apps and dashboards, AI and satellite imagery to manage and optimise pasture on farms. Data optimisation: Farmers deal with so much data flowing in through so many on-farm touchpoints, some services aggregate all that info into key insights farmers can rely on to make good decisions. Animal performance: Animal testing on their cows. Why it matters Obviously a massive deal – this contributes so much to on-farm costs and gives farmers a comfortable buffer to experiment with more technology that could be a massive help. It contributes to the trend of growing tech use on-farm by farmers. In a 2023 survey by DairyNZ, 18% of farmers reported using cow wearables (smart monitoring devices like collars or ear tags), compared to 3% in 2018. This growth translates to more than 820,000 cows now equipped with devices. It's great news because technology is helping farmers be more efficient in a world where they face more regulation and compliance requirements. Fonterra/NZ has a great reputation internationally for producing highly efficient, high-quality milk that's desirable compared to many other countries. It drew the attention of food conglomerates Mars and Nestle, who are kicking in to help fund the subsidy. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Why is butter so expensive? Can people power really make a difference? What happens if Fonterra leaves the NZ market? We put all our butter questions to Emma Higgins, Senior Agricultural Analyst at Rabobank. Then we talk to someone who has churned their own butter to find out if DIY spreads are an option.

Nicola Willis is defending her decision to seek answers from Fonterra about its prices. The price of butter has almost doubled in the past 14 months because Asia is demanding more, and Europe is producing less. Fonterra is ruling out selling butter to New Zealanders at a lower price than it makes overseas. But Willis told Mike Hosking she has no regrets about raising the issue with the dairy co-op in the first place. She says she can't dismiss an issue lots of New Zealanders are talking about. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Fonterra's boss has given media the silent treatment over the sky high price of butter. Both National and Labour's finance spokespeople met with Fonterra's chief executive Miles Hurrell last night, trying to find out why the cost of a block is so steep. But whether the debate leads to a price correction or just more froth and churn from lawmakers is yet to be seen. Russell Palmer reports.

Wallace Chapman and the Politics Panel discuss and analyse the main political stories of the day. He is joined this week by RNZ's Corin Dann, the NZ Herald's Fran O'Sullivan and former government minister Phil Goff. On the slate today: Nicola Willis says Kiwis are not getting a raw deal from high butter prices (after meeting the CEO of Fonterra); Defence Minister Judith Collins told a crowd of graduating Army recruits last week that they should prepare for "combat"; just 38 percent of respondents to a Talbot Mills poll say the government deserved a second term; is the government using locla councils as a whipping boy and National seems to have found a bright spot in one area of it's party policy: Education.

The Finance Minister says all roads lead back to supermarket competition, as questions loom over spiralling dairy prices. Nicola Willis yesterday spoke with with Fonterra chief executive Miles Hurrell - in a meeting she's called constructive and candid. Newstalk ZB senior political correspondent Barry Soper says it's likely the Government will make an announcement on supermarkets in the coming days. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Was Nicola Willis sent on a fool’s errand to Fonterra? The government can’t do anything about the price of butter and cheese (without subsidies), but what can it do to kneecap spendthrift local body councils? Is the Prime Minister concerned with what’s happening at Pāmu, after the sudden resignation of the long-standing and well-regarded manager of Molesworth Station, Jim Ward?Should the state be a farmer? Or is that an outmoded concept? And what about “frickin” Chris Hipkins?See omnystudio.com/listener for privacy information.

Tonight on The Huddle, Jack Tame from ZB's Saturday Mornings and Q&A and Kiwiblog's David Farrar joined in on a discussion about the following issues of the day - and more! Can we confirm Nicola Willis' meeting with Fonterra CEO Miles Hurrell was entirely pointless? Some advocates have blamed the Government's policies for the increase in homelessness. What do we make of this? LISTEN ABOVESee omnystudio.com/listener for privacy information.

So guess what's happening after Nicola Willis' butter meeting with Fonterra last night? Nothing. After hyping the meeting, after Mikey chasing Miles down the street, after the news going live with the banner across the TV that the Fonterra meeting is underway, after all of that - nothing is happening because nothing can happen, because Fonterra's not ripping us off. We're simply paying the same international price as everyone for butter, which Nicola knows because she's an intelligent woman and because she used to work for Fonterra as well. So, nothing has come from the meeting. There is no announcement about what is being fixed. Miles Hurrell is not resigning or apologizing, and the price of butter is not dropping. All that has happened is that Nicola Willis has fronted up for the media today and told them that Miles Hurrell will talk to them at some time soon to explain how the price of butter works, which is a nothing outcome. In which case, you have to ask yourself the question, what was the point of the meeting? If Nicola actually truly does understand the mechanics of butter pricing, and presumably then also understands that Fonterra isn't ripping us off and also had no plans to announce anything after this, why hype the meeting? I can answer that question for you. Because she wanted to pass the buck. She wanted to blame Fonterra, because National is feeling the pressure over the fact that Labour is now more trusted to deal with the cost of living crisis than National is - according to the Ipsos survey, which is out this month. And because the heat has been cranked up on National, who have talked a very big game about getting the economy back on track - and yet 18 months in, it's still very much off track to the extent that people cannot afford butter. Nicola tried to shift the blame from National to Fonterra and it didn't work. Now, the lesson here is that performance politics doesn't work. Blaming the supermarkets but doing nothing, blaming Fonterra but doing nothing, blaming the banks but doing nothing, that kind of stuff doesn't work. And in fact, it's risky, it runs the risk of backfiring, which is exactly what's happening here. LISTEN ABOVESee omnystudio.com/listener for privacy information.

On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 23 July 2025, Space Minister Judith Collins explains why she urgently needed to change the law to crack down on foreign actors manipulating our space industry. Homelessness rose by 37% between 2018 and 2023 - and councils say anecdotally the situation has got even worse since then. Nicola Willis has had her big meeting with Fonterra boss Miles Hurrell to get to the bottom of the butter price - and revealed why your butter is unlikely to get cheaper. Wellington is very excited to finally secure a big concert for the capital again - so can Ed Sheeran spark the city's recovery? Plus, the Huddle debates whether parents still feel comfortable with male daycare teachers. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Cost-of-living politics reared its head again at Parliament, with MPs exchanging blows over soaring butter prices. Labour accused the coalition of lacking a plan, a claim immediately thrown back at it by a fired-up Christopher Luxon. All this came as Nicola Willis prepares to meet with the global dairy giant Fonterra to hear its take on dairy costs. Acting political editor Craig McCulloch reports.

Parliament is continuing to clash over the soaring cost of butter, with both major parties raising the issue in meetings last night with Fonterra's chief executive. Labour Leader Chris Hipkins spoke to Corin Dann.

In today's episode, Parliament is continuing to clash over the soaring cost of butter, with both major parties raising the issue in meetings last night with Fonterra's chief executive; The future of regional air travel is at serious risk because some smaller players are being crippled by a huge blow out in costs; Silver Ferns captain Ameliaranne Ekenasio has made herself unavailable for this year's international matches; Ozzy Osbourne, the frontman of British heavy metal band Black Sabbath, has died aged 76.

On the Mike Hosking Breakfast Full Show Podcast for Wednesday 23rd of July, red meat continues to go gangbusters, but we could be doing better, and the industry has some warnings. Lester Levy is moving from the Health NZ Commissioner to the new board chair, and gives us an exclusive on what he has, and hasn't, achieved. Mark Mitchell and Ginny Andersen discuss pay transparency, the butter meeting between Nicola Willis and Fonterra, and the Tāmaki Makaurau by-election on Politics Wednesday. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Halfway through the week, Mark Mitchell and Ginny Andersen are back with Mike Hosking to discuss the biggest political stories thus far. Labour MP Camilla Bellich's member's bill, the Employment Relations (Employee Remuneration Disclosure) Amendment Bill, has passed its second reading. But why do we want to talk about salaries? Nicola Willis has met with Fonterra over the cost of butter – has anything come of it yet? And how intense will the Tāmaki Makaurau by-election be? LISTEN ABOVE See omnystudio.com/listener for privacy information.

What do you reckon happened at the big butter meeting? Willis and Hurrell. Nicola and Miles. Is it a meeting that took on a hopeless amount of hype, or was it a sign that at times this Government, and Willis in particular, say stuff that makes them look like they are on to it when perhaps they're not? The reality is these two meet regularly. Fonterra plays an outsized roll in our economy and therefore it would be odd if they didn't meet. But Nicola has this penchant for saying stuff that might lead you to believe she could produce an Uzi out of her handbag and blitz the room. She has the banks, who she keeps telling us are people we should not be locked in a dark room with. She has the supermarkets who, in her Clouseau-type way, suggests she has been ferreting about the isles and has found dastardly deeds. Jacinda had the same predilection when she told us the petrol companies were "fleecing us". It's all good stuff for headlines and attention. It's very good guy/bad guy, and if hot air were rocket fuel she could have flown to the moon and back six times. But is your butter any more affordable? Of course not, and in that is the problem – not with the price, but with Nicola. Wouldn't it be fantastic if there was a scandal, or a rip-off, or some highway robbery? Wouldn't it be awesome if she could tie a butter producer to a chair and waterboard them until they screamed out "yes, yes, yes it's true, the real price is only $3.76 not $8.50". Sadly, it isn't going to happen. Presumably, as if she needed it, Miles worked her through the calculations at last night's meeting. We pay the global price for butter, the irony being in this case that's actually good news because dairy in general is booming and we need something to boom. What we would like to do versus what we have to do, for good reason, are two separate things. That's why butter is the price it is. The real question for Nicola is how many meetings, threats and finger waggles does she have to produce for no change before someone calls her out for being a lot of mouth and not a lot of trouser?See omnystudio.com/listener for privacy information.

Fonterra’s CFO reviews last night’s positive GDT Auction - up 1.1%, WMP + 1.7%, SMP + 2.5%.See omnystudio.com/listener for privacy information.

The eye-watering price of butter has prompted Finance Minister, Nicola Willis to ask for a please explain from her former employer Fonterra. Checkpoint has run numerous stories about the cost of the pantry staple, with the price climbing as high as $18 for a tub of semi-soft butter. Fonterra has pinned the price of dairy products here on the global dairy trade auction price, but Willis has questioned why people overseas are getting a better deal. Farmer and former Fonterra Board member Leonie Guiney spoke to Lisa Owen.

Get a closer look at billion-dollar agritech trailblazer Halter. We’re talking to Andrew Fraser, President, about the innovative cow collar system helping farmers get more from their land and livestock. Discover how this homegrown solution has improved pasture management and herd welfare across NZ, Australia, and the US—and won serious private investment capital. Andrew discusses Halter's recent $165 million Series D funding round, led by VC firm Bond. We get into their strategy for the vast US market, focusing on pasture-based beef farms, and how their technology stands up across different climates and geographies. And hear about Halter's integration with Fonterra milk production data, directly linking farmers’ daily actions to output and revenue. Plus, Andrew’s claims that Halter is helping to attract a new generation to farming—and even winning over a 93-year-old in the process. For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.See omnystudio.com/listener for privacy information.