Fonterra baulks at giving Commerce Commission more teeth

Fonterra baulks at giving Commerce Commission more teeth
Chair Peter McBride said the co-op has no issue with the majority of the proposals. (Image: Supplied)
Rebecca Howard
Fonterra’s biggest issue with the government’s proposed changes to the Dairy Industry Restructuring Act (DIRA) is giving the Commerce Commission more teeth.Chair Peter McBride said the co-operative is not concerned by the majority of the government’s proposals but opposes the amendment that “gives the Commerce Commission the power to make its review binding on Fonterra”.The government-backed Fonterra’s planned new capital structure but said it would also amend DIRA in regard to the regulator's powers. Sub...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024