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21 Jan 2020 9:31
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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

    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.

    © 2020 Newstalk ZB, NZCity

     Other Rural News
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     08 Jan: Dairy prices have risen at the first global auction for the year
     08 Jan: Fonterra's on high alert in Australia as the bushfires rage on and drought continues
     20 Dec: The boss of Dairy NZ is taking his hat off to farmers
     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
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