ComCom pleased with greater Fonterra openness on off-GDT sales, unconvinced by asset beta

Thu, 14 Sep 2017

By Paul McBeth Sept. 15 (BusinessDesk) - The Commerce Commission is pleased with the prospect of greater transparency in Fonterra Cooperative Group's off-GlobalDairyTrade sales, but is still unsure whether a component of the dairy company's milk price calculation met the law. Today's final report on Fonterra's base milk price calculation for the 2016/17 season was largely in line with its draft findings in August, and the commission said it was happy with Fonterra's commitment for greater disclosure, something it's been seeking as the sa...

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