ACCC clears Fonterra following Milk Price investigation
28 April 2017
Fonterra has received notification from the ACCC that it has decided not to take action against Fonterra Australia in relation to last season’s milk price reduction.
The last 12 months have been incredibly challenging for Australian dairy farmers, their families, our communities and our industry. We understand it will take time to rebuild confidence in the dairy industry.
We are currently working on a range of initiatives, including a more transparent milk price, and industry measures to help get our industry back on track. At the same time, we are paying a milk price this season that is reflective of the market, and we continue to invest in regional areas, including $140 million at Stanhope, and over $10 million at Wynyard and Cobden.