Open Country challenges validity of Fonterra's 2018 milk price

Mon, 18 Feb 2019

By Paul McBeth Feb. 18 (BusinessDesk) - Open Country Dairy is seeking a judicial review of the way Fonterra Cooperative Group set its milk price in the 2018 season, despite the Commerce Commission giving the price-setting process a pass mark. The commission noted the judicial review on its website, saying Open Country Dairy brought proceedings against certain conclusions in its 2018 report. In that report, the regulator was satisfied that Fonterra's calculation was largely in line with the efficiency and contestability elements requi...

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