Review of Milk Price Calculation 2016/17 season

Under Section 150O of the Dairy Industry Restructuring Act 2001 (as amended July 2012) the Commission must review Fonterra’s calculation of the base milk price for each season and report on the extent to which it is consistent with the purpose set out in section 150A of the Act.

To assist the Commission’s review, Fonterra must provide (by 1 July each year) the assumptions adopted and the inputs and processes used by Fonterra in calculating the base milk price for the preceding season. Fonterra must also provide certification (including reasons) that the assumptions, inputs and processes are consistent with the purpose set out in section 150A of the Act.

The Commission is required to make its final report by 15 September each year.

Project timeline

Type Description Indicative date/s
Completed Comments due on draft agenda for the milk price calculation workshop 21/04/2017
Completed Milk price calculation workshop 23/05/2017
Completed Comments on workshop due 13/06/2017
Completed Fonterra provides Commission with information required under section 150T of the Act 03/07/2017
Completed Emerging views on asset beta published 20/07/2017
Consultation Comments on Emerging views on asset beta and Fonterra’s Reason’s paper due 31/07/2017
Draft Draft Report on Fonterra's 2016/17 base milk price calculation due 15/08/2017
Consultation Submissions on Draft Report on Fonterra's 2016/17 base milk price calculation due 01/09/2017
Final Final Report on Fonterra's 2016/17 base milk price calculation due 15/09/2017

Disclaimer

These dates are not official and may change. Please see the Terms and Conditions for further limitations.

Documents

Emerging views on asset beta

20/07/2017 (1 documents)

Commerce Commission – Emerging views on asset beta – 20 July 2017 PDF (451 KB)
Published on 20 July 2017

Practical feasibility and transparency

18/07/2017 (1 documents)

Commerce Commission – Concerns on practical feasibility and transparency – 19 July 2017 PDF (442 KB)
Published on 19 July 2017

Fonterra’s Reasons Paper on review of 2016/17 base milk price calculation

18/07/2017 (1 documents)

Fonterra – Reasons paper on review of 2016/17 base milk price calculation – 3 July 2017 PDF (1.2 MB)
Published on 19 July 2017