Regulator encourages more transparency for Fonterra's off-GDT sales

Thu, 13 Oct 2016

By Paul McBeth Oct. 14 (BusinessDesk) - The Commerce Commission wants Fonterra Cooperative Group to provide greater insight into the sale of reference products off the GlobalDairyTrade platform which feed into the regulated milk price. The antitrust regulator released its draft report on Fonterra's 2016/17 milk price manual, which for the first time includes sales outside GDT for whole milk powder, skim milk powder and butter milk powder. Each season the commission is required to review Fonterra's calculation of what it pays farmers for...

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