Why the global milk business needs a structural shake-up
The New Zealand dairy stalwart Fonterra has sold its consumer dairy-brands (milk, butter, cheese) — including “Anchor” and “Mainland Cheese” — to French agribusiness giant Lactalis in late October 2025, in a deal approved by 88% of its 8,265 farmer-shareholders. This move delivered a substantial windfall — roughly NZ$400,000 per farmer — but also signals…