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New Zealand farmers vote on selling dairy brands to France’s Lactalis amid concerns over control and transparency.
New Zealand farmers are voting on a proposed $4.2 billion sale of dairy brands Anchor and Mainland to French company Lactalis, with concerns over long-term farmer control, transparency, and potential supply contract risks.
Critics, including New Zealand First leader Winston Peters, argue the deal threatens national economic security and question Fonterra’s lack of transparency, citing executives’ refusal to testify before parliamentary committees.
While Fonterra defends the sale as a return of capital—projecting payouts of about $200,000 for small producers—opponents warn short-term gains may be offset by future price declines and reduced use of New Zealand milk.
The final decision, based on milk solids production, is expected October 30, with Prime Minister Christopher Luxon and ACT leader David Seymour urging farmers to decide without political interference.
Los agricultores de Nueva Zelanda votan sobre la venta de marcas lácteas a Lactalis de Francia en medio de preocupaciones sobre el control y la transparencia.