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8 Dec 2019 20:55
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  •   Home > News > Rural

    The Agriculture Minister says improving the performance of Fonterra is in everyone's interests

    The Agriculture Minister says improving the performance of Fonterra is in everyone's interests


    Fonterra
    Fonterra
    Submissions on the Dairy Industry Restructuring Act close today.

    The diary giant wants an end to the 'open entry' law, which means it has to accept milk from all shareholding farmers in its collection area - while its competitors don't.

    Damien O'Connor says dairy farmers have a product that's valuable for 48 hours - and then it becomes worthless.

    He says open entry protects farmers, but Fonterra needs to be able to compete.

    He says it's New Zealand's biggest company and needs to be supported, not undermined.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     04 Dec: Dairy prices have fallen for the first time in three months
     20 Nov: Global dairy prices have risen 1.7 percent at Fonterra's latest overnight auction
     15 Nov: Fonterra's human resources manager has resigned after less than a year in the job
     06 Nov: Global dairy prices have risen 3.7-percent at Fonterra's latest overnight auction
     22 Oct: Good news for farmers from Fonterra this morning
     18 Oct: Trouble at Fonterra, but not of the financial kind this time
     17 Oct: Emergency services are trying to establish what caused a chemical explosion at a Fonterra plant north of Whangarei
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