Fonterra's Monaghan says biggest challenge is to change law forcing it to accept milk and sell to rivals

By Tina Morrison Aug. 14 (BusinessDesk) - Fonterra Cooperative Group's new chair John Monaghan says the dairy giant's biggest challenge is to change the law which forces it to accept milk from any farmer and sell it to rivals at a subsidised price, according to a report in Dairy News. Monaghan stepped into the role chairing the country's largest dairy processor just over a fortnight ago after John Wilson stood down due to ill health. He told Dairy News the need to secure changes to the Dairy Industry Restructuring Act, which enabled the 2...