A law change means Fonterra's muscle in New Zealand's dairy markets will continue to be managed and the way is cleared for a new Government review of the dairy industry. But a report by the Commerce Commission in 2016 concluded competition wasn't sufficient to remove the DIRA provisions. Tinkering with the Act would not answer some of the bigger questions facing the industry, he said. The Government would now start a comprehensive review of the industry. "By rolling over the Act and committing ourselves to a wide-ranging review we are taking a considered and strategic approach to the changing needs of the dairy industry," O'Connor said.

Source: Otago Daily Times February 15, 2018 21:00 UTC