Butter wars: ‘nothing cures high prices like high prices’ – but will market forces be enough?
- Written by Alan Renwick, Professor of Agricultural Economics, Lincoln University, New Zealand
RobynRoper/Getty ImagesThe alarming rise of butter prices has become a real source of frustration for New Zealand consumers, as well as a topic of political recrimination. The issue has become so serious that Miles Hurrell, chief executive of dairy co-operative Fonterra, was summoned to meetings with the government and opposition parties this week....
