Fonterra chief rejects discounted butter prices for New Zealanders

Thursday 24 July 2025 · 5 outlets · 6 reports · updated Thu 24 Jul 2025, 5:12pm

In this story Nicola Willis, Stats NZ, Fonterra, Miles Hurrell

Fonterra chief executive Miles Hurrell has ruled out a two-tier pricing system for domestic and international customers. This follows rising costs, with Stats NZ reporting a 46.5 percent increase for a 500g block of butter in the year ended May. Finance Minister Nicola Willis has attributed high grocery costs to supermarkets.

How they headlined it

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1. StuffThu 24 Jul 2025, 8:55am

   Blame supermarkets for high butter prices, not Fonterra, says Nicola Willis (opens in new tab)

2. 1NewsThu 24 Jul 2025, 12:25pm

   Full video: Fonterra's chief executive speaks about butter prices (opens in new tab)

   • Fonterra boss defends butter prices as 'good news' for economy (opens in new tab) Thu 24 Jul 2025, 1:35pm
3. RNZThu 24 Jul 2025, 3:59pm

   Fonterra boss rejects idea of discounted butter prices for New Zealanders (opens in new tab)

4. Otago Daily TimesThu 24 Jul 2025, 4:44pm

   Fonterra rules out discounted butter for Kiwis (opens in new tab)

5. NZ HeraldThu 24 Jul 2025, 5:12pm

   Fonterra boss rejects discounted butter prices for New Zealanders (opens in new tab)