Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Dairy Farmers of NZ welcome SFO Investigation

Dairy Farmers of NZ welcome SFO Investigation

Dairy Farmers of New Zealand Chairman Kevin Wooding has welcomed the handing over of investigations into the $50 million of alleged illegal milk protein exports to the Serious Fraud Office.

The Ministry of Agriculture and the Food Safety Authority have handed over investigations into alleged irregularities in the exporting of dairy products by a Tauranga based exporting company, South Pacific Distributors.

"Dairy farmers will be pleased that an independent body has been bought in and will hopefully bring the issue to a close, said Mr Wooding.

"It is pleasing that Fonterra has offered to assist the SFO with its investigations if necessary.

"This issue has been a dark cloud hanging over the dairy industry for a number of months and we all look forward to the issue being resolved, Mr Wooding concluded.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news