date:Jun 02, 2012
merce Commission report.
The DIRA Bill, which is currently before the New Zealand parliament, proposes a number of new roles for the Commerce Commission, including the monitoring of Fonterras methodology for setting farm gate milk price.
Prior to the bill being passed, New Zealands Minister for Primary Industries requested that the Commerce Commission conduct a dry run review of Fonterras current price setting methodology.
Although we comment on the appropriateness of Fonterras approach and a