Fonterra gets more choice of supplier under new dairy law

Fri, 24 Jul 2020

After an extensive review and months of haggling, new dairy legislation passed unanimously through Parliament and gives Fonterra Cooperative Group more flexibility on choosing its suppliers. “The most significant change has been the removal of the open entry provisions, which relate to a farmer’s ability to freely enter our co-op, and the co-op’s ability to refuse farmers that do not meet our standards,” said Fonterra chairman John Monaghan. “This modernised legislation creates a more level playing field for our co-op and ultimately will...

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