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Fonterra wins right to refuse suppliers

Fonterra wins right to refuse suppliers

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[26 July, Esther Taunton, Stuff NZ]

Amendments to the Dairy Industry Restructuring Act have been passed through parliament and will change the restrictions that have been placed on Fonterra Co-operative Group over the past 20 years. Fonterra will now have the right to reject milk from new dairy farm conversions or farmers that don’t meet standards, in addition to no longer having to supply milk to competitors. Changes will begin to become effective from June 2022 and amendment to open entry will be implemented from June 2023.

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