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


Implications of Fonterra/Dexcel Merger Considered

Media Release
13 May 2005

Dairy InSight to Consider the Implications of Fonterra/Dexcel Merger

Following the unexpected announcement today of a management agreement between Fonterra and Dexcel, Dairy InSight will evaluate the impact of this arrangement on the delivery of outcomes for farmers.

“We were not involved in the negotiations nor consulted on this matter and will now take the opportunity to consider the pros and cons,” says Dairy InSight Chairman, Ian Robb.

“I want to make it clear that this new arrangement will not in any way affect Dairy InSight’s relationship with its other suppliers,” says Robb.

With respect to both Dexcel and Fonterra, Dairy InSight has had a close working relationship. Dairy InSight, through the farmer levy, has invested heavily in the programmes operated by Dexcel and had just agreed with them to increase its investment from previous years.

Dairy InSight will continue to be an active and strategic investor on behalf of its farmer members and will fulfill its current obligations and work to benefit our levy payers.

Dairy InSight remains committed to achieving the goals in the industry-agreed Strategic Framework for the advancement of dairying in New Zealand and will continue to work actively with all providers to achieve those goals as mandated by its members.

“This development has implications for the structure of the dairy industry. Once Fonterra’s intentions are better understood, Dairy InSight will review its investment priorities and evaluate the levy rate. At this stage, however, it’s too early to speculate on these matters,” says Robb.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>