Regulator OKs Fonterra's 2014/15 milk price, interest free loans under scrutiny in next review

Mon, 14 Sep 2015

By Paul McBeth Sept. 15 (BusinessDesk) - The Commerce Commission has given the final tick of approval to Fonterra Cooperative Group's 2014/15 milk price, with the regulator saying it will go on to examine the impact of the dairy exporter's interest free loans to farmers on the base milk price, which has been introduced to help them through the current season. The competition watchdog is required to check Fonterra's base milk calculations annually as part of the Dairy Industry Restructuring Act's milk price monitoring scheme, and today sai...

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