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Fonterra loses suit brought by former NZ Dairies suppliers
2015-12-01 05:35:08| Food - Topix.net
Farmers who formerly supplied milk to the failed New Zealand Dairies' milk processing plant at Studholme have won a High Court case against Fonterra Cooperative Group challenging the legality of new inferior supply contracts they were offered by the dairy giant. The nub of the case was whether Fonterra, which bought the Studholme plant from the receivers in 2012, was lawfully able to offer the former suppliers to the plant so-called "growth contracts" on inferior terms in order to keep its existing farmer suppliers sweet.
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Category:Food and Related Products
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