Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Fonterra Comments On Commerce Commission Ruling

Fonterra Comments On Commerce Commission Ruling

Following a decision by the Commerce Commission, that it will investigate an application from Independent Dairy Producers Limited (IDP) in respect of the price IDP has been required to pay Fonterra for raw milk, Fonterra Co-operative Group has restated its view that it believes it has complied fully with the Raw Milk Regulations and behaved very fairly towards IDP.

“While continuing to work positively with the Commission’s investigation Fonterra believes it has met the requirements of the regulations and is disappointed that IDP does not believe it has been treated fairly,” said Alison Andrew, General Manager NZMP (NZ).

“IDP had significant amounts of money owing, rather than close them down Fonterra continued to supply milk on agreed terms that were within the market range. IDP paid the agreed price and traded out of its difficulties, it now seeks to revisit that agreement.

“We look forward to being able to meet with the Commission to present the facts as we see them.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>


InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>