O'Connor wants broad review of Fonterra's enabling legislation, sector dynamics

Thu, 08 Feb 2018

By Jonathan Underhill Feb. 8 (BusinessDesk) - Agriculture Minister Damien O'Connor says putting on hold changes to Fonterra's enabling legislation will allow a broader review of New Zealand's dairy sector and whether it is adding enough value to the nation's biggest export commodity. The previous administration had legislation ready to amend the Dairy Industry Restructuring Act that would have retained easy entry and exits for Fonterra's supplier shareholders but gave the cooperative discretion on accepting milk from new dairy conversions...

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