Fonterra says a report it has published into New Zealand’s domestic dairy industry, is proof that the regulations are working. Fonterra’s chief financial officer Jonathon Mason, says the report was compiled by independent analysts, and shows competition has thrived here since 2001, when the Dairy Industry Restructuring Act came into play. Further, the report says the way Fonterra calculates its milk price model is fair. But at the same time Mr Mason admits that, going forward, Fonterra has to become more transparent. Benedict Collins has this report...
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