The Fonterra Shareholders Council is "broadly supportive" of plans for the co-operative to start sourcing milk from South Island suppliers who are not also shareholders, with a couple of caveats. Fonterra Co-operative Group, the world's largest dairy exporter, plans mymilk, a new milk-sourcing subsidiary that would try to get milk in the Canterbury, Otago, and Southland regions where competition for supply is most intense from new suppliers on contracts of up to five years without the obligation to buy shares.