Fonterra restructure 'not in the national interest', says report

Fonterra restructure 'not in the national interest', says report
An MPI-commissioned report recommended against Fonterra's restructuring. (Image: Getty)
Jenny Ruth
Fonterra’s restructuring “would not be in the national interest” and will tilt the market for raw milk in the dairy giant’s favour, reducing the pressure on it to perform, warns a report commissioned by the Ministry for Primary Industries (MPI).Despite that report’s conclusions, the government is planning to greenlight the restructuring with a couple of minor tweaks, which will mean changes to the Dairy Industry Restructuring Act (DIRA).The report by consulting firm TDB Advisory is dated Dec 6, 2021, three days bef...

More Primary Sector

PGG Wrightson in need of another white knight
Primary Sector

Paul McBeth: PGG Wrightson in need of another white knight

Alan Lai’s plan to oust the board is yet another unnecessary distraction.

Accelerated NZ EU FTA timeline gives kiwifruit exporters a full season
Primary Sector

Accelerated NZ EU FTA timeline gives kiwifruit exporters a full season

The government has responded to kiwifruit industry concerns about the FTA.

Dileepa Fonseka 18 Mar 2024
Synlait joins forces with Nestlé on emissions
Primary Sector

Synlait joins forces with Nestlé on emissions

The partnership will fund emissions efficiencies.

Staff reporters 13 Mar 2024