Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Kiwis Sold Out In NZDL Sale To Russians

Media Release

27 May 2008

Kiwis Sold Out In NZDL Sale To Russians

New Zealand First has condemned the sale of New Zealand Dairy Industries Ltd to the Russian owned Nutritek Overseas Pte Ltd, describing it as a big step towards foreign ownership of local dairy farming interests.

The government today announced that Nutritek had been given the green light to increase its stake in NZDL from its current 5.65 percent to 100 percent over a 12-month period.

Rt Hon Winston Peters said he could not understand why the government approved the deal when the dairy industry was playing an enormous role in holding the New Zealand economy together.

“In fact, we had already written to the ministers involved warning them not to allow Nutritek to take over.

“Nutritek’s operation in South Canterbury has been raising eyebrows by the way it is sending raw dairy products to China for processing then selling them on world markets as New Zealand products.

“This deal means that we are selling our priceless image overseas as well as another highly valuable local asset.

“It is the start of a big foreign campaign to buy out the New Zealand dairy industry with Fonterra the next big target on the horizon as it launches capital expansion plans.

“With this situation looming, New Zealanders appear to face a certain future as the lowly paid servants of foreign masters in the farming industry. Last month Vector, this month the dairy industry.

“The deal should never have been approved,” said Mr Peters.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>


Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>


Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>





Featured InfoPages

Opening the Election