UPDATE: Fonterra to get veto rights on open entry requirement

Thu, 06 Jun 2019

(Adds Fonterra comment in last 2 paragraphs) By Paul McBeth June 6 (BusinessDesk) - Primary Industries Minister Damien O'Connor will grant Fonterra Cooperative Group a little relief over its requirement to accept milk from all-comers, but it will also face greater oversight by the government. Cabinet this week signed off on O'Connor's proposals to change the 18-year-old Dairy Industry Restructuring Act governing the sector, which will keep the open entry and exit provisions which Fonterra had been hoping to shed. Instead, Fonterra...

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