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Time to free up Fonterra

28/08/2019

Fonterra has failed in many ways. However, the governing legislation does not help it in today’s world.

Homepaddock

It’s time to free up Fonterra but the government plans to only tinker with the Diary Industry Restructuring Act:

National is opposing the Dairy Industry Restructuring Amendment (DIRA) Bill at first reading, as we believe competitive pressure should drive the dairy market forward rather than half-baked regulation, National’s Agriculture spokesperson Todd Muller says.

“National believes it is vital we have an efficient and innovative dairy industry that supports the long-term interests of farmers and consumers. This means having a strong Fonterra, strong smaller manufacturers and a robust domestic liquid milk and retail market.

“The Government’s Bill goes some way to achieving this, but National believes the time has come to reduce aspects of Fonterra’s regulatory burden.

“It makes sense that Fonterra can now build in robust animal welfare and environmental conditions in its supply terms. However we believe the New Zealand market is sufficiently mature for Fonterra to have the ability…

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