Tuesday, 22 August 2023 13:50

KickStart into touch?

Written by  Milking It

OPINION: Dairy farmers are doing it tough and the latest Global Dairy Trade auction results point to tougher times ahead.

Fonterra, as one of the biggest corporates in the country, has been doing its bit for the community - like contributing to Kickstart Breakfast alongside the Government.

Given the financial strife facing Fonterra shareholders, should the co-op pull out of such initiatives until dairy prices improve?

This will keep a bit more money in farmers' pockets. And, isn't funding social welfare initiatives the job of the government?

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Cynical politics

OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.

Why is butter so expensive in New Zealand? Fonterra explains

Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.

It's all about economics

OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.

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