Fonterra restructuring will weaken competition

Jenny Ruth
Mon, 25 Jul 2022

Fonterra restructuring will weaken competition
Young members of Forest & Bird help to plant native trees. (Source: Forest & Bird)
Jenny Ruth
Mon, 25 Jul 2022
Evidence is already available that Fonterra’s restructuring plan will weaken competition and strengthen the heavyweight’s already dominant position.The government has consulted on its intention to greenlight the restructuring plan, and a number of submissions highlight why the government should not approve the plan.One submission came from a farmer who had decided to switch from supplying Fonterra to supplying Synlait ahead of the May 6, 2021, announcement of the plan.“If the restructure had been announced prior to our commitm...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.