Primary Sector

Government favours Fonterra’s commercial interests: MPI

Jenny Ruth
Fri, 17 Jun 2022

Government favours Fonterra’s commercial interests: MPI
Fonterra wants a law change so its restructuring won't lead to it being sued. (Image: Getty)
Jenny Ruth
Fri, 17 Jun 2022
The Ministry for Primary Industries (MPI) says agriculture minister Damien O’Connor is placing greater weight on supporting Fonterra’s commercial objectives than he should.Instead, the government should return to the original intent behind the Dairy Industry Restructuring Act 2001 (DIRA), which aimed to mitigate the harmful effects of allowing Fonterra a near monopoly, MPI said in its regulatory impact statement on proposed law changes.In 2001, Fonterra had 96% of the market for raw milk and, although Fonterra’s milk volumes h...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.