Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Joint Oireachtas Committee on Agriculture, Food and the Marine

Dairy Sector: Irish Dairy Board

10:10 am

Photo of Mary Ann O'BrienMary Ann O'Brien (Independent) | Oireachtas source

I thank Mr. Forde for a very informative presentation. My question concerns Fonterra and the view of Mr. Forde and his board on it and what it has achieved over the years. New Zealand is quite similar in population size to Ireland, albeit in the middle of nowhere, but it has commandeered the Chinese market. It now has 30% of the world's dairy. Is the IDB collaborating with it? Has the IDB, for want of a better word, poached some of Fonterra's best minds? Surely that must be in Mr. Forde's vision for the future of the IDB? How is Fonterra making a profit at the prices it is receiving? The IDB has better brands, even from where it is starting. I think the IDB can outstrip Fonterra eventually but I would like to hear Mr. Forde's vision in terms of this aspect.

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