Fonterra Shareholders' Fund Prospectus and Investment Statement
Fonterra Shareholders' Fund Prospectus and Investment Statement
Fonterra Shareholders' Fund Prospectus and Investment Statement
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HOW WE GOT TO<br />
WHERE WE ARE...<br />
1846<br />
New Zeal<strong>and</strong>’s first shipment of cheese<br />
is exported to Australia.<br />
1871<br />
The first co-operative cheese company<br />
is formed on the Otago Peninsula,<br />
allowing farmers to benefit from<br />
pooled resources <strong>and</strong> market strength.<br />
1882<br />
The vessel “Dunedin”<br />
carries the first<br />
refrigerated shipment of<br />
dairy products to London.<br />
1886<br />
The Anchor<br />
br<strong>and</strong> is launched.<br />
1910<br />
New Zeal<strong>and</strong> dairy<br />
exports account<br />
for 14% of total<br />
New Zeal<strong>and</strong> export<br />
revenue.<br />
The New Zeal<strong>and</strong> Government<br />
establishes The New Zeal<strong>and</strong><br />
Dairy Board to control all dairy<br />
exports. The New Zeal<strong>and</strong> Dairy<br />
Board provides farmers <strong>and</strong><br />
co-operatives access to new<br />
export markets, allowing them<br />
to generate higher returns.<br />
1923<br />
193os - 196os<br />
With the improvement in technology<br />
<strong>and</strong> transport, co-operatives start<br />
joining forces to become more efficient.<br />
By the 1960s, more than 400<br />
co-operatives are reduced to 168.<br />
1973<br />
New Zeal<strong>and</strong> loses its cornerstone<br />
market for dairy exports as a result of<br />
the United Kingdom joining the<br />
European Economic Community in<br />
1973. In response, The New Zeal<strong>and</strong><br />
Dairy Board exp<strong>and</strong>s exports into new<br />
markets beyond the United Kingdom.<br />
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