Hard, sharp characteristics at Warrnambool's table

While Kirin wants to push Canada out, Fonterra’s concern is to keep Australia in check. The international agenda could drive Warrnambool shares to any level but there are risks.

No other country in the world would allow one of its future growth domestic industries to become an international plaything.

The Canadians, via Saputo, have an inefficient dairy industry and have used Argentina for an export base. They now want to have a dabble in Australia via their bid for Warrnambool Cheese.

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