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ASB BUYS NOTES  |
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| (Updated 20/06/13 17:11) | ||
| GLOBAL DAIRY TRADE | |
| Change in GDT-TWI index +1.1% | Average Winning Price (USD/MT, FAS) 4,598 |
| From Trading Event 94 held 18/6 | |
By: Katie Bradford-Crozier | Rural News | Wednesday July 25 2012 8:13
There'll be more transparency in milk prices after a crucial Bill passed through Parliament last night.
The Dairy Industry Restructuring Bill allows Fonterra to set up the Trading Among Farmers shareholder scheme.
But it also forces the dairy giant to be more transparent with how it sets its farm gate milk price.
Primary Industries Minister David Carter says that has to happen because of Fonterra's dominance in the market.
"Fonterra's farmgate milk price is effectively the price that all processors must pay in order to attract milk supply from farmers. Confidence and transparency is therefore crucial."
Photo: Getty Images
Related Subjects
fonterra | Milk | trading among farmers |
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