Wednesday, 19 November 2025 12:25

Sugar hit

Written by The Hound

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OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer shareholders as a 'short sighted sugar hit'.

Winston is a pretty wise old fellow but for the sake of the next generation of dairy farmers and NZ Inc, let's hope he's wrong.

Word from Fonterra is that it is 'unlikely' that Lactalis will walk away from NZ but there are no guarantees, and if that happens, does it matter?

Winston says it does and if he's right, think economic disaster.

Otherwise, take the money and run.

But with electioneering already underway, the lolly scramble for votes a year out is on, as poorly thought-out promises are made.

Political lolly scrambles may appeal to those with a sweet tooth but just remember, economic toothache is painful.

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