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May 27, 2022
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Government invites dairy company to invest in PNG

By Jack Lapauve Jr – EMTV News, Port Moresby

The PNG Government has invited a multi-billion dollar dairy company to establish itself in the country. National Planning Minister Richard Maru says this is to open-up the country’s dairy market.

The Planning Minister was accompanied by Trade Minister Wera Mori when they visited New Zealand’s dairy giant, Fonterra, in Auckland recently.

With Fonterra being a leader in the dairy industry in Australasia, the Government believes its establishment in PNG will have a positive impact, not only on the dairy sector but also in economic growth. The dialogue scaled out the risks and opportunities of Fonterra being another major player in PNG’s dairy industry.

With Fonterra expanding in parts of Asia, the Pacific has not been considered in the past 20 years. Trade and Commerce Minister Wera Mori, says with developments in the Oil and Gas sector, dairy produce will be a demand.

Fonterra is a global diary nutrition company owned by 10,500 co-operatives in New Zealand. Its products are distributed in more than 140 countries around the world; that’s more than 23.7 billion litres of milk reaching the 7 continents of earth.

By the end of discussions, Fonterra disclosed that a team would be visiting PNG for feasibility studies.

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