Regulator pushes Fonterra to review reference products more regularly

Thu, 15 Sep 2016

By Paul McBeth Sept. 15 (BusinessDesk) - The Commerce Commission wants Fonterra Cooperative Group to more regularly review the basket of products used to set its farmgate milk prices. The antitrust regulator gave the Auckland-based milk processor's 2015/16 base milk price calculation the thumbs up, saying the price was largely consistent with the efficiency and contestability purposes of the Dairy Industry Restructuring Act. Each season the commission is required to review Fonterra's calculation of what it pays farmers for raw milk to e...

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