Commerce Commission still wants more transparency on Fonterra's off-GDT sales

Mon, 14 Aug 2017

By Paul McBeth Aug. 15 (BusinessDesk) - The Commerce Commission wants Fonterra Cooperative Group to be more forthcoming in the information it provides about sales outside the GlobalDairyTrade platform which are becoming more important to the world's biggest dairy exporter. The regulator today said in a draft report that the Auckland-based company's 2017 farmgate price of $6.15 per kilogram of milk solids met the milk price monitoring regime, saying the price was "consistent with both the efficiency and contestability purposes" of the soo...

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