Fonterra contacted by Chinese regulator over milk probe

Thu, 04 Jul 2013

By Paul McBeth July 4 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has been contacted by the China National Development and Reform Commission as part of an investigation into milk powder prices in the world’s most populous nation. The Auckland-based company is cooperating fully with the Chinese regulator, which is reviewing a wide range of consumer businesses in the Chinese dairy industry, Fonterra said in a statement. Earlier this week, Chinese publication the People’s Daily reported the NDRC was looki...

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