A long road ahead for dairy – Treasury secretary
Gabriel Makhlouf agrees with the finance minister that milk prices won't go back up to $8kg/MS. With special audio feature.
See also: Fonterra slashes forecast milk price payout as European milk floods markets
The Treasury is picking a slow recovery for dairy prices and remains concerned about the level of debt in the sector.
But Treasury secretary Gabriel Makhlouf is also warning against government intervention to
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Jason Walls
Thu, 10 Mar 2016
Thu, 10 Mar 2016
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A long road ahead for dairy – Treasury secretary
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