UPDATE: Fonterra earnings raise concern about base milk price, Commission says

Mon, 17 Aug 2015

(Recasts, adds comment from briefing, report) By Suze Metherell and Paul McBeth Aug. 17 (BusinessDesk) - Fonterra Cooperative Group's earnings have declined since the current milk price calculation was introduced, and are lagging behind that of the regulator's notional producer, raising questions about the setting of the base milk price. The Commerce Commission wants more comparative information to help build its aggregate assessment of Fonterra's milk price calculation due to a lack of readily available data without substantial invest...

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