One of NZ’s main exporters—the dairy industry—is being buffeted in its biggest market, yet this season it has a new operator, Singapore-based Olam, manufacturing milk powder at Tokoroa.
What is more, the company is paying suppliers above the price they would be getting currently from Fonterra. Its milk powder factory in which it has invested more than $100m may be the forerunner of other processing plants, with the next possibly in the South Island.
