Winston Peters: Tip Top sale resembles 'bad economics'

Episode of: The Mike Hosking Breakfast

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May 13, 20196m
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Winston Peters: Tip Top sale resembles 'bad economics'
May 13 '196m
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Acting Prime Minister Winston Peters joins Mike Hosking to talk about Fonterra's sale of Tip Top yesterday. Peters labelled the day as a 'sad' one for New Zealand, as Fonterra handed Tip Top to European dairy giant Froneri for $380 million. Peter agrees with New Zealand First's Mark Patterson's view that Fonterra's sale of Tip Top resembles an alarming trend. "When you see a product like milk being sold at its base lowest cost with the advantage of some other economy, then that's a bad economic strategy."

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