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

An MPI-commissioned report recommended against Fonterra's restructuring. (Image: Getty)

Thu, 16 Jun 2022

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...

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