date:Jun 02, 2012
The Commission, which regulates industrial competition in the country, made the statement following the issue of a review into Fonterras farm gate milk prices (FGMP) - the price paid by dairy processors, such as Fonterra, to dairy farmers for their raw milk.
Public concerns have been raised about milk prices in New Zealand, where Fonterra collects approximately 89% of the total raw milk supply.
The review was conducted as a dry run to illustrate how the proposed Dairy Industry Restructuring