Miles HurrellFonterra wants all dairy processors to be subject to the same milk price rules that it has to comply with under the sector's legislation, Dira. In its 66-page submission to a review of the legislation, Fonterra said it supported the current milk price regime - with its Commerce Commission oversight - remaining in place. "Efficiency and informed decision-making by farmers would be improved if the transparency of price setting and payments was spread throughout the industry," Fonterra said. In its submission, Fonterra said Dira's original rationale for providing large dairy processors with access to regulated milk from Fonterra, while they are establishing their own supply, may no longer stand. We do not support milk being given, effectively at cost, to new processors who are focused on exporting their product," the the co-op said.

Source: Otago Daily Times February 17, 2019 19:41 UTC